 "Air India building")
Within months of the Tata group taking over Air India, a subsidiary of the salt-to-software conglomerate has joined a consortium to provide insurance cover to the airline. With that, Tata AIG General Insurance Company will for the first time be associated with Air India for its cover.
The insurance cover, pegged at $12 billion (approx Rs 91,000 crore) will provide cover to 141 aircraft (117 of Air India and 24 of Air India Express) as well as passenger liability among other things from April 1.
The insurance premium is expected to go up by 20 per cent for the airline due to
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