Weekly Current Affairs

Nuclear suppliers’ insurance policy unveiled [Energy]

  • 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.