News - India: Insurers say terror rates unlikely to go up

Source: Asia Insurance Review | Aug 2011

After the serial blasts in Mumbai which have claimed 18 lives and injured 150, the insurance industry has said it does not see the possibility of any hike in premium for terror cover. “We don’t foresee any hike in premium rates as there has not been much damage to properties,” said Mr Yogesh Lohiya, General Insurance Corporation (GIC) Chairman and Managing Director.

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News - India: Insurers say terror rates unlikely to go up

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