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GIC Re slashes premium for Terrorism Pool by 10% from Apr 1

GIC Re slashes premium for Terrorism Pool by 10% from Apr 1

by AIP Online Bureau | Mar 23, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...

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