Insurance companies have paid Rs 6.6 billion or 89 million in insurance claims in the Air India Express accident. The insurance claim paid for last August's crash is the largest in the history of the Indian aviation insurance market. Local media reported in the Indian Express.
Atul Sahai, chairman and managing director of New India Assurance, said out of a total of 89 million in insurance claims, 51 million had been paid for the current loss and 38 million had been paid for dead passengers or those injured and passengers injured. For accessories.
The state-owned New India Assurance, which is the leading primary insurer in the Air India insurance sector, has paid Rs 3.7 billion (US 51 million) in compensation to Air India. It is also the highest-paid insurance claim in the Indian aviation insurance sector arising out of this plane crash.
Most insurance claims are financed by a few foreign reinsurance companies. Of this, GIC reimbursed US 7 million as part of insurance claims settlement. In addition to claiming full status, New India Assurance paid Rs 35 million for liability as immediate relief to the affected passengers.
It is to be mentioned that the Air India Express Boeing 737 with 191 passengers from Dubai slipped and fell into two pieces while landing in Kozhikode, Kerala on Friday night, August 7. At least 18 people, including the pilot and co-pilot, were killed and several others were injured. As the crashed plane did not have the opportunity to be repaired, the total loss had to be paid.
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