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<h1>Professional indemnity insurance for chartered accountants secured through ICAI MOU, offering discounted renewable coverage to members.</h1> A memorandum between the professional body and an insurer establishes a discounted, insurer administered professional indemnity insurance scheme available to eligible members and CA firms, structured as renewable annual coverage with extensions for allied professionals and firm partner liability, and governed by MOU terms on eligibility, renewal, scope of cover, and insurer underwriting commitments.