Business Standard

India-Pakistan tensions may not impact insurance covers, say experts

For cargo, shipping, and aviation industries, war schemes are available

India-Pakistan conflict
Premium

Subrata Panda Mumbai
Insurance covers are taken for a relatively long period of time. But sudden events of conflict between two nations are unlikely to influence any change in rates charged by insurers for any cover taken by companies in the conflict region, said industry experts.

However, they say, if the cover is up for renewal during the time of conflict, insurers can tweak the underwriting norms and factor in the conflict situation accordingly in the premiums they charge.

Generally, conflicts like wars are not covered. “But companies can take cover for war separately or with some existing covers that they have already

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 8:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com