Risk Retention Fund
Risk Retention Fund is a scheme whereby the insured chooses to maintain a fund into which insurance premiums are paid and from which claims are settled (up to a certain limit). In other words, the insured bears his risk, hence the word retention.
Whenever there is a claim above a predefined limit, AXA Mansard Insurance plc will act as reinsurers for the fund. At all times,the funds belong to you. Corporate organizations can get take up this policy for their motor fleet.