Premium Calculation

The premium amount which you need to pay for your insurance is determined according to Compulsory Earthquake Insurance Tariff and Instructions.

In order to calculate your premium amount, firstly, the sum insured which determines the highest limit you can receive after an earthquake must be found.

Your premium amount is calculated when your sum insured is multiplied by the tariff rate.

There are 15 tariff rates which are determined according to 5 risk ones and 3 different building styles:

Rates Based on Zoones as per the Building Type(‰) 1st Zone 2nd Zone 3rd Zone 4th Zone 5th Zone
A-Steel, concrete 2.20 1.55 0.83 0.55 0.44
B-Masonry buildings 3.85 2.75 1.43 0.60 0.50
C-Other buildings 5.50 3.53 1.76 0.78 0.58

While determining the earthquake zones, "Turkey's Earthquake Regions Map" that is prepared by the Ministry of Environment and Urban Planning is taken as basis. The definitions of the building styles that are stated in the tariff given above are as follows:

A- Steel, concrete: These are the buildings which have steel or ferro-concrete load bearing framework.
B- Masonry Buildings:These are the buildings which do not have any framework and whose load bearing walls are built with rubble stone, stone, bricks or concrete briquette with/without holes, whose floor, stairs and ceilings are concrete.
C- Other Buildings: These are the buildings which are not included above.

Insurance premiums are increased every year in parallel with the increase in the cost of unit square meter.

Click here for TCIP insurance premium table.

Premium Table Sample

In order to acquire Compulsory Earthquake Insurance, DASK endeavors to keep the premium fees within the scope of householders' purchasing power.

The square meter unit costs* which are used in the calculation of insurance fee (assurance amount) and determined according to the building style are as follows as of 1 January 2016:

Steel, concrete : 750 TL

Masonry Buildings: 540 TL

Other Buildings: 275 TL

(*) The costs in question are re-determined by taking account of the changes in the "Building Construction Cost Index" declared by the public office, and announced in the Official Gazette.

(**) Maximum assurance amount is 160 thousand TL for all building styles.

You can examine the sample premium calculation in the table given below which is created according to the risk areas and building types.

Premium Amount for 100m2 Dwelling in Istanbul Province (TL)

Premium Amount for 100m2 Dwelling in Istanbul Province (TL)
    Risk Areas' Premium (TL)
Building Type Teminat I II III
S/F-C Carcass (100 m2 x 700 TL) 70.000 180 131 77
Masonry (100 m2 x 500 TL) 50.000 223 164 92
Other (100 m2 x 260 TL) 26.000 166 112 63
Premium Amount for 100m2 Dwelling out of Istanbul Province (TL)
    Risk Areas' Premium (TL)
Building Type Teminat I II III IV V
S/F-C Carcass (100 m2 x 700 TL) 70.000 175 126 72 51 43
Masonry (100 m2 x 500 TL) 50.000 218 159 87 42 37
Other (100 m2 x 260 TL) 26.000 161 107 58 40 30