Friday, February 28, 2014

Demand for ground handling and aircraft components insurance policies rise

General insurance companies said that aviation insurance policies that were primarily used to cover the fleet of the airline companies is now in demand for the other covers provided by this policy. For quite some time, demand for covers for ground handling and aviation product liability insurance policies has been increasing, a renowned newspaper informed.

Mr. Manik Nehra, senior manager of aviation insurance at Bajaj Allianz General Insurance Co. Ltd. Said, “With new routes and new cities being added by aviation companies, the demand for aviation insurance will only go up."

“We are now looking at aviation products, general aviation and aerospace insurance covers. In the next few months, we will look at airline insurance as well,“ said Mr. M Ravichandran, president-insurance, Tata AIG General cover.

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