Air India crash leaves insurance companies grappling with complex claims, especially where both policyholders and nominees perished. IRDAI fast-tracks claim settlements.

Insurance companies face challenges in settling claims for Ahmedabad Air India crash victims where policyholders and nominees both died.

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.