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Feb 17, 2014
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Insurance cover against terror attacks likely to become cheaper soon
Insurance cover against terror attacks is set to get cheaper from April 1 following a decline in the number of incidents, a development that could allow companies to get more customers. Rates are likely to fall 15-20 per cent, industry executives said. "The experience of Indian terrorism risk insurance pool has been good, with no major claim after the 2008 attack, so we are bringing down the rates," said General Insurance Corporation (GIC) chairman AK Roy. "The work is in progress and the new rates will be applicable from April 1."
Source -
http://economictimes.indiatimes.com
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