| Cir No | Date | Subject | Effective Date |
| TAC/1/2004 | 12/1/2004 | Merger of Lucknow Divisional Office with our Delhi Regional Office | 8/1/2004 |
| TAC/2/2004 | 3/3/2004 | Merger of Bangalore Divisional Office with our Chennai Regional Office | |
| TAC/3/2004 | 4/3/2004 | Discount in lieu of Agency Commission/Broker Remuneration | |
| TAC/4/2004 | 16/12/2004 | Cover for Terrorism Risks under Fire, Engineering & IAR tariffs | 1/2/2005 |
TAC/1/04 12th January,2004
Re: Merger of Lucknow Divisional Office with our Delhi Regional Office
This is to inform all insurers that our Lucknow Divisional Office has been merged with our Delhi Regional Office effective from 8th January, 2004.
You are, therefore, requested to forward all correspondence meant for our Lucknow D.O. To our Delhi Regional Office at the following address.
Delhi Regional Office
Tariff Advisory Committee
Jeevan Tara Building
1st Floor, Gate No.3
Patel Chowk
Parliament Street,
New Delhi - 110 001.
Secretary
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TAC/2/04 3rd March,2004
Re: Merger of Bangalore Divisional Office with our Chennai Regional Office
Steps have been initiated for merger of Bangalore Divisional Office with our Chennai Regional Office.
You are, therefore, requested to forward all correspondence meant for our Bangalore D.O. to our Chennai Regional Office at the following address.
Chennai Regional Office
Tariff Advisory Committee
Block A, 2nd Floor, 111 Greams Road,
Murugesa Naicker Office Complex
Chennai - 600 006.
Secretary
_____________________________________________________________________________
TAC/3/2004 March 4,2004
Discount in lieu of Agency Commission/Broker Remuneration
Insurers' attention is drawn to IRDA's notification No.GEN/CIR/009/MAR-04 dated March 3, 2004.
Insurers are advised to be guided by the notification issued by IRDA from time to time in respect of captioned subject matter.
Secretary
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Re: Cover for Terrorism Risks under
Fire, Engineering & IAR tariffs
This refers to our earlier circular no.FT/1/2004 dated 19-3-2004
and FT/4/2004 dated 10-5-2004.
Effective from 1-2-2005 the premium/coverage factor for Terrorism Risks
shall stand revised as under:
|
Sl.
No. |
Total
Sum Insured per location (MD+LOP) Rs.Crores |
Premium on Total sum Insured |
Rate
(Per Mille) |
Overall
(MD+LOP) liability cap per location / compound |
|
1 |
Upto 500 |
Full rate of a) Industrial risks b) Non-Industrial risks a) Residential risks |
0.30 0.20 0.10 |
TSI |
|
2 |
Upto 500 and Upto 2000 |
First
500, as per (1) above Plus on the balance Sum Insured Full rate of a) Industrial risks b) Non-industrial risks |
0.25 0.15 |
Rs.500 Cr. |
|
3 |
Over 2000 |
First
2000, as per (2) above Plus on the balance Sum Insured Full rate of a) Industrial risks b) Non-industrial risks |
0.20 0.12 |
Rs.500 Cr. |
Insurers are requested to inform their operating offices suitably.
Secretary