Sector
What insurance does a BFSI or fintech company need?
BFSI and fintech companies carry risks most businesses don’t: regulatory enquiries that can reach directors, fraud and social engineering that move money out of the business, and large volumes of sensitive customer data. That makes D&O, crime and cyber cover central. For employees, a well-paid workforce needs life cover designed so that senior people are fully covered.
In short
- D&O: regulatory enquiries can turn into claims against directors.
- Crime cover: fraud and social engineering move real money.
- Cyber: customer data is the asset regulators watch most.
- Life cover: check senior staff above the free cover limit.
Why is D&O cover central in financial services?
Because scrutiny is constant, and an enquiry can become an allegation against individuals. Directors and officers can face claims over decisions made in their roles, and the cost of defending them can be large. Our D&O page explains the cover.
What does crime insurance protect against?
Financial loss from fraud, theft and dishonesty, including social-engineering scams that trick staff into moving money. In a business built on transactions, these losses can be sudden and large. Check how your policy treats fraud carried out through impersonation or fake instructions.
Why does cyber cover matter so much?
Because customer data is both the business’s core asset and its biggest exposure. A breach brings investigation, notification and recovery costs, and claims from customers. Our cyber insurance page explains what it covers.
What do employee benefits need in BFSI?
Life cover that actually reaches senior staff. Where group term life is a multiple of high salaries, many people sit above the free cover limit and need completed medicals. Our page on the free cover limit explains the gap.
Frequently asked questions
What insurance does a fintech company need?
Commonly D&O, crime and cyber cover for the business, plus group health, accident and life cover for employees.
Why do banks and NBFCs need D&O insurance?
Because regulatory scrutiny can lead to claims against directors and officers over decisions made in their roles.
What is crime insurance for financial services?
Cover for financial loss from fraud, theft and dishonesty, including social-engineering scams.
What happens when you talk to us
A 20-minute video call with a Growth Advisor. No obligation, and no quote pushed. It opens with a five-minute video from our founder on how the benefits stack works and why Ethika exists; the rest is your questions. You’ll leave with an honest read on your current cover and claims experience, and a straight answer on whether we can genuinely help, even if you never become a client.
20 minutes with a Growth Advisor. No obligation.
A note on this page. Everything here is general information, not insurance, legal, financial or tax advice, and nothing is an offer. No insurer or product is named or recommended. What any policy covers depends on its own wording and schedule. For advice about your situation, talk to us.