The country’s first Nuclear Suppliers’ insurance policy was unveiled by India Nuclear Insurance Pool (INIP).
New India Assurance Co and INIP will issue the policy and administer the claims on behalf of the pool. INIP is the 27th global nuclear insurance pool which was launched by General Insurance Corporation of India (GIC Re), in association with non-life insurance companies. “The pool provides capacity for insurance coverage to operators and suppliers for any nuclear liability towards third party,” GIC said in a statement.
