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Insurance for Your Bank Locker’s Contents: IFFCO Tokio Takes the Initiative
March 04, 2019
In what’s likely to be a first, general insurer IFFCO Tokio is offering a bank locker protection policy that provides insurance cover for the contents of your bank’s locker. You can get protection against various risks like fire, burglary, etc. and also cover important documents that are kept inside the locker.
It’s a common misconception that your bank is liable if your locker is looted or damaged due to an earthquake, flood, etc. The central bank RBI has clarified that lenders are not liable for loss of contents.
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