Seeking Compensation for Air India Dreamliner Crash

The recent Air India Dreamliner crash has emphasized the various avenues available for compensating the families of the victims. Several sources of compensation exist, starting with the mandatory insurance coverage provided by Air India. Additionally, the Tata Group has pledged ex-gratia payments of Rs one crore to each victim's next of kin. Other potential sources include travel insurance, life insurance, and debit card insurance, as long as the deceased had active policies under these categories. The total claims for compensation are estimated to reach around Rs 4,000 crore ($ 470 million), making it one of the largest insurance claims for a plane accident, with the likelihood of claims being filed in foreign jurisdictions due to the involvement of several foreign nationals. The liability claims for the crash could reach $ 350 million, with the final amount dependent on various factors including the claims submitted and the jurisdiction in question. Air India is obligated to provide a minimum compensation of approximately Rs 1.50 crore per victim as per the Montreal Convention treaty, with the actual payout determined using Special Drawing Rights. The Tata Group will also offer compensation to families affected by the crash, and other avenues such as life insurance, travel insurance, and card insurance can also provide financial support to the victims' families.