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Jun 23, 2025
Air India crash spurs insurance premium hike
The recent Air India crash in Ahmedabad, which tragically took 241 lives, is set to make flying more expensive for airlines.
Insurance experts expect premiums to jump by 10% to 30% soon, as companies brace for massive payouts from this single event.
TL;DR
This 1 accident could lead to $475 million in insurance claims
This one accident could lead to $475 million in insurance claims—covering the plane itself and compensation for victims.
For context, that's way higher than all of India's aviation insurance premiums combined last year.
Global aviation insurance claims already at $15 billion this year
It's not just Indian airlines feeling the pinch. Big crashes like this have already pushed global aviation insurance claims to $15 billion over five years.
With costs rising, airlines everywhere could see their insurance bills hit record highs next renewal cycle.