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Few Insure Against Terror

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Our Banking Bureau BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:25 AM IST

Despite a terrorism insurance pool of Rs 400-450 crore, claims of a mere Rs 9 crore were settled last financial year. Claims this year are Rs 11 crore so far.

Insurance company officials said the low claims were mainly because of a lack of awareness among the general public, which faced the brunt of terrorist attacks. And also because the government chose not to insure its properties.

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First Published: Aug 27 2003 | 12:00 AM IST

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