*Air India's $20 billion insurance* ( finalized in Feb'25) covers 300 plus planes belonging to Air India and Air India Express. Premium is around $30 million. The insurance will cover against damage to aircraft from incidents, accidents or war. There is a separate cover for passenger and third party liabilities. Tata AIG is the lead insurer for Air India taking a significant portion of risk. Indian public sector insurance firms and ICICI Lombard have a smaller share of sum insured. The entire risk has been underwritten by *London based reinsurers.*