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AVIATION INSURANCE

ABOUT

This is a specialised globally driven insurance cover, driven by capacity of insurers to underwrite the risk.

This policy covers all risks of physical damage to aircraft, while taxiing, or on flight or on the runway or in Hangers + accidental liability to passengers as per Air Carriers Act or international Air Conventions + passenger baggage liability as per International Air Conventions + legal liability for damage to cargo as per international conventions + Pilot’s loss of licence/grounding, etc.

Period of insurance is one year. Aircraft construction cover is however granted for more than a year.

AVIATION INSURANCE

BENEFITS

  • Only normal exclusions relating to air routes, operational conditions at various countries and time zones.
  • Sabotage, terrorism, kidnap and ransom are not covered.

Add On Covers

  • Combined Single Liability (CSL) cover for all contingencies listed above can be opted.
  • Public liability (injury or death of third parties or damage to their properties) can also be included in the package cover.
  • These cover for such risks can offered as package or the insured can opt for them as additional covers.

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