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Terrorism risk pool grows to $720 million

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India's terrorism risk pool has now grown to 46 billion Indian rupees ($721 million), reported Daily News & Analysis.

Terror insurance is growing in the country and the pool is growing 25% each year. "Public and private institutions, temples and hospitals are all buying terror cover," said General Insurance Corp. of India chairman Ashok Kumar Roy. GIC Re is managing the terrorism pool. The annual premium collection for this insurance is around INR 7 billion ($110 million).

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