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What is iib rate in insurance?


Asked By: Kairav Shenoy



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GIC Re hikes premiums for property insurance segment under fire portfolio. “IIB has worked out burn cost and GIC Re has picked up eight occupancies where claim ratio is above 200 per cent,” said Alice Vaidyan, chairman of GIC Re. “IIB has worked out burn cost and GIC Re has picked up eight occupancies where claim ratio is above 200 per cent,” said Alice Vaidyan, chairman of GIC Re. IIB ( division of IRDA) with burning rates ( based on previous claims in that risk) and second is internal circular from GIC RE.

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