The fatal Air India crash in Ahmedabad could set off one of the costliest insurance claims in India’s history at about $475 million, according to a Bloomberg report. The claim for the aircraft hull and engine is estimated at around $125 million,

India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million.

An Air India Boeing 787 Dreamliner crashed just seconds after takeoff from Ahmedabad Airport on June 12 with 242 people onboard, out of which, 241 people died.