Increase in STFI premium rates

Increase in STFI premium: STFI i.e. storm, tempest, flood, inundation cover premium rates in Standard Fire & special perils policies have been increased w.e.f. 1st March, 2016 by 50% to 140%: Premium rating of STFI and Earthquake perils under Fire, Fire Loss of Profit, Industrial All Risk, Annual Engineering and Project policies was reviewed last time in 2012 and[…]