The FSC has completed a project to study possible adjustments to premium rates for various benefits paid out under individual travel accident insurance, and has decided to reduce standard premium rates for accident, death, and disability benefits under individual travel accident insurance by 10% effective from 1 January 2021. Also, to improve the financial structure of insurers, beginning from 2021 they will be required, after the end of each fiscal year, to act in accordance with the “Table of Standard Premiums for Accident, Death, and Disability Benefits under Individual Travel Accident Insurance” to take a prescribed share of premium income and set it aside to the special reserve account under owners’ equity. This prescribed share is calculated as follows: (10% of total premium income) – (20% nominal tax).