The Air India crash in Ahmedabad is expected to result in India's costliest aviation insurance claim, with estimates exceeding $120 million. The aircraft's hull loss alone is pegged at around $80 million, while passenger liability may range from $30–100 million due to high-net-worth passengers. Tata AIG is the lead insurer, with others like New India Assurance holding minor stakes. Most of the risk is covered by global reinsurers. The crash is likely to push up global aviation insurance rates, especially in India.