{"id":381233,"date":"2020-10-29T11:18:52","date_gmt":"2020-10-29T05:48:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381233"},"modified":"2020-10-29T11:51:41","modified_gmt":"2020-10-29T06:21:41","slug":"insurers-shell-out-rs-660-crore-for-ai-express-crash-largest-in-indian-aviation-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/insurers-shell-out-rs-660-crore-for-ai-express-crash-largest-in-indian-aviation-market\/","title":{"rendered":"Insurers shell out Rs 660 crore for AI Express crash, largest in Indian aviation market"},"content":{"rendered":"<p>The crash of Air India (AI) Express Boeing 737 plane at the Kozhikode airport in Kerala has cost global reinsurers and Indian insurers Rs 660 crore ($89 million), the largest claim pay-out in the Indian aviation market.<\/p>\n<p>Of the reinsurers\u2019 total claim provision of $89 million, $51 million is for the hull total loss and $38 million for liability that may arise for passengers who died or were injured, TPL and baggage loss etc, said Atul Sahai, CMD, New India Assurance (NIA).<\/p>\n<p>State-owned NIA, which has led the AI insurance account as the lead primary insurer, has paid Rs 373.83 crore as hull claim to Air India, the highest ever pay-out in the Indian aviation insurance market in this segment arising out of the crash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crash of Air India (AI) Express Boeing 737 plane at the Kozhikode airport in Kerala has cost global reinsurers and Indian insurers Rs 660 crore ($89 million), the largest claim pay-out in the Indian aviation market. Of the reinsurers\u2019 total claim provision of $89 million, $51 million is for the hull total loss and $38 million for liability that may arise for passengers who died or were injured, TPL and baggage loss etc, said Atul Sahai, CMD, New India Assurance (NIA). State-owned NIA, which has led the AI insurance account as the lead primary insurer, has paid Rs 373.83 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-381233","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381233"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381233\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}