Insurance pool to cover civil N-plants

Even as the country is slowly gearing up to generate more power from nuclear resources, the government is preparing an insurance pool for nuclear plants falling under high-security zones. The government has already asked GIC Re, country s official reinsurer, to prepare the basic framework for the insurance pool along with top global reinsurers. Under the plan, nuclear plants will get the primary cover from domestic general insurers, while the insurance pool involving GIC Re and other international reinsurers will provide the reinsurance cover. Confirming the development to FE, Yogesh Lohiya, chairman and managing director, GIC Re, said the firm was ...

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