Ref: TPOOL/CIR/3/2024-25: Revision in Premium Rates

March 21st, 2025

ALL NON-LIFE INSURANCE COMPANIES IN INDIA

Re: Indian Market Terrorism Risk Insurance Pool (IMTRIP/POOL) - Revision in Premium Rates

In the meeting held on 26th November 2024, the Underwriting Committee had recommended the revision
in Pool Premium Rates and the same had been agreed to by all Pool Members in the meeting held on
13.12.2024.

As per the Pool agreement, the same was then taken up with the regulator, who has now approved the
rate revision.

Kindly note the revision in Pool Premium Rates as per the annexed Table. These rates shall be inclusive
of the cost incurred towards Brokerage/Agency Commission up to 5% on the terrorism premium for
business procured through Brokers/Agents as per current practice.

All other terms and conditions of the Indian Terrorism Risk Insurance Pool remain unaltered.

The above revisions shall be effective from 1st April 2025.

Please note that no cancellation of the policy/policies issued prior to the effective date (1st April 2025)
can be resorted to for taking benefit on the provisions of this circular.

You are hereby requested to inform your operating offices accordingly and ensure compliance with the
revised rates.

Pradnya Digitally signed by

(Pradnya Prabhu)

Assistant General Manager

Encl: As above
Ref: TPOOL/CIR/3/2024-25: Revision in Premium Rates

Annexure: Revised Pool Premium Rates:

Serial No. Total Sum Insured (TSI) Risk Category Rate Loss Limit
per Location/compound per per location /
(MD + LOP/ALOP) Mille compound
(MD+LOP/ALOP)
1 Up to INR 500 crores Residential 0.07
Non-Industrial 0.13 TSI
Industrial 0.21
2 Over INR 500 crores and up On First INR 500 crores as per (1)
to INR 1,000 crores above PLUS on balance Sum
Insured as under
Residential 0.07
Non-Industrial 0.13
Industrial 0.18 TSI
3 Over INR 1,000 crores and up On First INR 1,000 crores as per (2)
to INR 1,500 crores above PLUS on balance Sum
Insured as under
Residential 0.07
Non-Industrial 0.11
Industrial 0.18 TSI
4 Over INR 1,500 crores and up On First INR 1,500 crores as per (3)
to INR 2,500 crores above PLUS on balance Sum
Insured as under
Residential 0.04
Non-Industrial 0.11
Industrial 0.13 INR. 2000 crores
5 Over INR 2,500 crores and up On First INR 2,500 crores as per (4)
to INR 5,000 crores above PLUS on balance Sum
Insured as under
Residential 0.04
Non-Industrial 0.09
Industrial 0.09 INR. 2000 crores
6 Over INR 5,000 crores and up On First INR 5,000 crores as per (5)
to INR 10,000 crores above PLUS on balance Sum
Insured as under
Residential 0.04
Non-Industrial 0.07
Industrial 0.07 INR. 2000 crores
7 Over INR 10,000 crores On First INR 10,000 crores as per
(6) above PLUS on balance Sum
Insured as under
Residential 0.04
Non-Industrial 0.05
Industrial 0.05 INR. 2000 crores