News > New India-led insurers not to be majorly hit by Kozhikode crash
New India-led insurers not to be majorly hit by Kozhikode crash
The Siasat | 08/08/2020 04:02 PM | Click to read full article
The public sector New India Assurance Company Ltd-led consortium which insured the Air India’s fleet, including the Air India Express plane that crashed at Kozhikode, may not be hit hard by the claims owing to reinsurance cover.
A consortium of four public sector insurers — New India Assurance, National Insurance Company Ltd, Oriental Insurance Company Ltd and United India Insurance Company Ltd — are the primary insurers. The plane had been insured for about $50 million.
