Air India’s crash has triggered what industry experts predict will become India’s costliest aviation insurance claim, with potential liabilities exceeding Rs 1,000 crore!
Air india fleet insurance
Tata AIG General Insurance and other insurance companies have won the contract to insure the fleet of Air India and its subsidiary Air India Express for $10 billion. The airline will pay a $30 million (Rs 246 crore) premium for the fiscal year beginning April 1 – the same as in the previous fiscal year.