Air India finalises insurance deal for a cover of $10 billion

Air India has finalized its insurance deals for the new financial year starting April 1, 2023. Tata AIG General Insurance, part of the Tata Group that also owns Air India, has emerged as the biggest insurer this year. Air India will pay a premium of $30 million this financial year that will provide an insurance cover of $10 billion, including for its low-cost international subsidiary Air India Express. Tata AIG General Insurance has been given 36% of the premium this year, with the rest distributed among others. Tata AIG General Insurance is a joint venture between the Tata Group and American International