Aviation Policy

What we cover

The Aircraft be it used for Pleasure, leisure or commercial operations encounters varied risks during its stay at ground and/or whilst flying. Wide range of Aviation Insurance Products are available at GIC to cover Owners, Lessors, Operators, Charterers etc. against all risks including liability to third parties, property damage as well as bodily injuries, personal accident to crew, passengers and all other perils relating to the use of aircraft including , hijacking, war and acts of terrorism.

We cover helicopters, private jets, wide/narrow bodied aircrafts and airlines as well. Our services include consultation in respect of leases and contracts with third parties to ensure the client is fully protected.

Our products are designed to meet the legal statutory requirements of various states especially in regard to limits of liability and evidence of Insurances.

Type of Policies

• Hull – Own Damage :- Cover Physical Loss &/or Damage to the Hull (Air Craft).
• Third Party Liability (Public) (Property & Life) :- Covers the liability of the Hull owner towards third parties property & loss of life/ personal injury.
• Third Party Liability (Passengers) (Property & Life) :- Covers liability of the Hull owner towards the passengers arising out of loss of life / personal injury or loss/damage to their baggage/property.
• War & Allied Perils :- Covers the loss /damage to the Hull (Aircraft) due to political risks such as War/Strikes, Riot, Civil Commotion.

Special Type of Policies

• Hull Deductible :- Each Hull Policy will carry a deductible (first fixed portion of the loss which the insured has to bear). This deductible can also be insured by taking a Hull Deductible Policy which will substantially reduce the net deductible which the insured has to bear in the event of loss/damage. .
• War Excess Liability :- The cover offered under this policy will be as an extension of primary Hull War Liability Cover. The Hull policy contains a provision for liability up to a certain limit. However, liability arising from War related perils is limited under the primary Hull War Liability policy and will not be up to full limit. This War Excess Liability provides coverage up to full liability limit.
• Ground Handling Risks : - This package policy is designed to cover the liability of the operators who do the ground handling job in the Airports.

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