Indian Nuclear Insurance Pool to maintain fund of 1500 crore rupees

Q.  Consider the following statements

1. The Indian Nuclear Insurance Pool is set up by General Insurance Corporation (GIC) of India and 11 other non-life insurers.
2. The pool has to maintain fund of 1500 crore rupees which is mandatory provision.

Which of the above statements is/are correct?
- Published on 07 Jun 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
The pool will address third party liability insurance in a bid to offset financial burden of foreign nuclear suppliers under the CLNDA, 2010.

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