Insurance premium for hydro projects may be revised

India Infoline News Service | Mumbai |

Due to the recent Uttarakhand disaster, the total loss to be borne by the industry is over Rs. 15 billion

According to general insurers, the industry may need to review the premium rates of hydroelectric projects in disaster-prone areas like the Himalayas after the Uttarakhand disaster.

Due to the recent Uttarakhand disaster, the total loss to be borne by the industry is over Rs. 15 billion, of which 80% was on account of the hydel projects in the area.

New India Assurance CMD said that the gross hit of his company, because of the Uttarakhand disaster is expected to be Rs. 1 billion.

Mr Srinivasan was speaking at a press conference on Saturday.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.