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Issuance of Nuclear Safety Bonds to Garner Part of Insurance Capacity for Proposed Indian Nuclear Insurance Pool

Dated:- 21-3-2015 - General Insurance Corporation of India (GIC Re) proposes to issue Nuclear Safety Bonds to garner part of insurance capacity required for proposed Indian Nuclear Insurance Pool. GIC Re has floated Expression of Interest (EOI) to engage professional institutions to work out end to end solutions for issuance of Nuclear Safety Bonds. Nuclear risks/perils connected with Hot Zone properties and associated third Party liabilities are not covered in conventional insurance policies. S .....

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