Jun 02, 2017

Insurance for life, property affected by natural disasters

  The government has launched an insurance scheme for life and property affected by natural disasters.

Accordingly, the national insurance trust fund will be re-insured for Rs. 15 billion through Renaissance Reinsurance of Singapore.

Cabinet approval has been given in that regard.

The national insurance trust fund was insured for Rs. 2.7 billion for the first time in 2016 to compensate those affected by the floods in that year.