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Sep 20 2011 6:01PM
Home insurance News

Sikkim earthquake is a reminder for those residing in high-risk zones to protect themselves and their property."How come banks or guys who lend you the loans are not very keen on protecting whatever might be their exposure in the unfortunate event of the demise of the loanee," Insurance and Regulatory Development Authority (Irda) chairman J Hari Narayan told participants at a recent ET insurance seminar.Narayan was referring to the low level of home insurance policies taken out by home owners in the country.Industry estimates show that less than 2% of Indian homes are insured against natural calamities, disasters, etc.
 
 
 
 
 
 
 
 
 
     
 
     
 
 
 
 
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