GIC sees Rs 75 crore claim from Malaysian Airlines

Written By Unknown on Jumat, 21 Maret 2014 | 08.11

TS Vijayan, chairman, IRDA says the GIC chairman, who may have some potential loss in the Malaysian MH370 airline, expects a claim worth Rs 75 crore.

The recent unpleasant news of the missing Malaysian aircraft has IRDA on its toes. The insurance regulator is chalking out a payout compensation plan for the lost aircraft in alliance with country's sole re-insurer GIC. GIC, which has an exposure to Malaysian airlines, expects Rs 75 crore claim from Malaysian airlines.

Also read: Malaysia says ocean objects are new lead in MH370 hunt

"We have an insurance company GIC. They have some exposure to that. GIC chairman has already made a statement that they have some potential loss. Part of the insurance is with them," says TS Vijayan, chairman, IRDA.
 


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