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Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...

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