India Inc opts for terror insurance
Terror insurance is the new buzz term especially in Mumbai's corporate circles post the 26/11 Mumbai terror attacks. And with corporate India making a beeline for insuring itself against terror, the insurers are gearing up to match the rising demand in the aftermath of Mumbai terror act. Apart from the Rs 750 crore sanction, the insurers are also offering a cover up to Rs 1,500 crore to corporates. Also, the sum is reinsured by a foreign insurance agency.
