Copper(II) chloride (CuCl2) doped poly(N-vinyl carbazole) (PNVC)-ferric oxide (Fe3O4) hybrid composites have been prepared and characterized by Fourier transform infrared spectroscopic studies, UV-Vis spectroscopy, high resolution transmission electron microscopy (HRTEM) and X-ray diffraction analyses and evaluated in regard to dielectric response and ac/dc conductivity characteristics. HRTEM images for CuCl2-(PNVC-Fe3O4) composite indicate the co-existence of both the CuCl2 and Fe3O4 nanoparticles in the composite and characteristic lattice fringes are clearly observed which endorse the formation of thin layer interfaces between Fe3O4 and CuCl2 nanoparticles. The dielectric constants of the CuCl2 doped PNVC and PNVC-Fe3O4 composites increase substantially relative to the corresponding values of the polymer and the polymer composite respectively. Likewise, the conductivities (ac and dc) are also improved substantially after doping with CuCl2. The dependence of these functional properties on the extent of metal salt loading has been evaluated and a quantitative estimation of the contribution of the grain boundary and resistance parameters has been attempted in terms of Maxwell-Wagner two-layered model.