Insurers face difficulties settling claims from the Air India plane crash due to policyholders and nominees perishing. IRDAI advises expediting the process for confirmed deceased.

India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million.

The Air India Flight 171 crash in Ahmedabad, which claimed 241 lives, may lead to one of the largest aviation insurance payouts in history—estimated at $475 million. Experts warn the disaster could drive up aviation insurance premiums and impact global reinsurers.