IndiGo's insurance premium likely to rise, in single digits

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IndiGo Airlines may see a rise in aviation insurance costs. This follows a recent Air India accident and a tougher reinsurance market. SpiceJet's policy renewal is also coming up. Reinsurers are increasing prices due to global aviation losses. London reinsurers are reducing capacity and raising rates. IndiGo's insurance covers its large fleet. The total insurance value is around $20 billion.