Rise in helicopter crashes may spur 15-30% hike in insurance premiums

A string of helicopter accidents in India and global reinsurance losses may raise premiums by up to 30 per cent, with smaller operators already facing steep hikes

Helicopter insurance premiums in India are likely to rise by 15–30 per cent owing to a recent spate of domestic accidents and mounting aviation losses faced by global reinsurers, industry insiders said.

 

Aviation insurance is largely a reinsurance-driven area, with the general aviation market comprising corporate jets, helicopters and others accounting for 15 per cent of the segment in India. The remaining is commercial aviation.

 

In FY25, the premium accumulated from the aviation segment in India was nearly ₹1,010 crore, up 4 per cent from the previous year.

 

In general aviation, the premium rates are calculated based on the age