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257 61 39
Insurer
88 62 61 61 24 17 13 13 1
23 16 5 1
Total Aircrafts: 1432
IFFCO HDFC
Non-Scheduled Operators
47 64 24 29 11 10
Airline
Scheduled Operators
No. of Aircrafts NACIL Jet Kingfisher JetLite Airline Allied Services Air India Charters SpiceJet Inter Globe Blue Dart Go Air Paramount MDLR Airlines Jagson Airlines
113 88 83 24 21 20 19 19 8 7 5 2 2
Locations
Bangalore
One of the most specialized fields in Insurance Underwriting & Claims Handling Losses can be catastrophic in nature Losses have cost insurers worldwide hundreds of millions in dollars No single insurer has resources to retain a risk the size of a large airline, or even a substantial proportion of such a risk Thus a large portion of the risk is placed in the Reinsurance market typically this involves Lloyds Syndicates, European Pools, ROW and US Pools, Bermuda Specialty Writers, etc. On account of Reinsurance as also due to its specialized nature.. Aviation Insurance is largely broker driven Specialized aviation insurance brokers play a key role in making available the best terms to clients
AVIATION INSURANCE
Aviation Hull All Risk (Loss or Damage to Aircraft) Aviation Spares All Risk Aviation Hull (War and Allied Perils) Aviation Hull Deductible Aviation Legal Liability to 3rd Parties (Other than Passengers) Aviation Legal Liability to Passengers Aviation Loss of License (Pilots)
Covers Loss or Accidental Damage to Aircraft whilst flying or on ground Provides for replace or repair on account of loss or damage to Aircraft including disappearance if Aircraft is unreported for 30 days after commencement of Flight Provides for reasonable recovery and emergency expenses incurred for immediate safety of aircraft consequent upon damage
Covers loss or damage to spares, tools, equipments and supplies owned by the insured or the property for which the insured is responsible whilst on ground or in transit by land, sea, air including in own aircraft or whilst on the premises of others for storage only.
Provides cover for loss or damage to property (aircraft and spares) arising out of WAR AND ALLIED PERILS These risks are excluded from the Hull (All Risk) policies and broadly include the following:
War, Invasion, Hostilities, Civil War, Rebellion, Attempted Coups Strike, Riot, Civil Commotion or Labour Disturbances Sabotage Hijacking (Attempted or Otherwise) or Seizure of Control Acts for Political or Terrorist purposes Confiscation, Naturalization, Detention, etc., for the use of any Government or Public Authority
Airlines at times have to bear a proportion of loss due to application of a deductible under All Risk Policy, which may impose considerable financial difficulty on the insured. Therefore operators insure part of their deductibles under this kind of insurance.
Covers sums which an Airline becomes legally liable to pay as compensatory damages In respect of accidental bodily injury and or accidental property damage Must be caused by the Aircraft or by any person or object falling from therefrom
Covers sums which an Airline becomes legally liable to pay as compensatory damages in respect of :
Accidental Bodily Injury (fatal or otherwise) to passengers while entering, on board or alighting from the Aircraft Loss or Damage to baggage or personal articles of passengers arising out of accident to the aircraft
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AVN 11A
AVN 23A AVN 34A AVN 38B AVN 46B AVN 47 AVN 48B AVN 51 AVN 52E
Unlicensed Landing Ground Suitability Clause Passenger Voluntary Settlement Endorsement Nuclear Risk Exclusion Clause Noise / Pollution / Other Perils Clause Noise Coverage Policy War, Hi-Jacking and Other Perils Exclusion Clause Extended Coverage Endorsement (Aircraft Hull) Extended Coverage Endorsement (Aviation Liabilities)
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AVN 61
AVN 62
AVN 72
AVN 73 AVN 74
AVN 76
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AVN 78
AVN 80
AVN 91
AVN 94
Aviation Hull "War and Allied Perils" Policy Asbestos Exclusion Clause
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Provides coverage if a pilot loses his License to Fly on medical grounds Permanent Loss of License.. Lumpsum Payout Temporary Loss of License.. Smaller Periodic Payouts Personal Accident Cover .designed to pay out a lumpsum on account of Death or Disablement
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Insured approximately 200 pilots for their Loss of License (LOL) Insurance in 2008-09. Duly appointed broker for: The Society for Welfare of Indian Pilots (SWIP - Jet Airways Pilots) The Indian Commercial Pilots Association (ICPA - Indian Airlines Pilots) The Indian Pilots Guild (IPG - Air India Pilots). First in the country to offer an individual pilot a cover of upto Rs 1.00 crore under LOL. Key features of the LOL Insurance on offer through us: Provides compensation on account of PMU / TMU / Death / Disablement. Maximum Capital Sum Insured upto Rs 1 crore. Maximum Capital Sum Insured of Rs 1 crore offered upto 55 years. Lowest Premium Rates in the market. Lowest Cooling Period of 45 days. Minimum documentation for submitting proposal.
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MEDIA COVERAGE
Alliance Insurance Brokers was featured in the Mumbai Edition of The Financial Express dated Jan 5, 2009. The article is reproduced below.
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Property Insurance (Non Aviation) Directors and Officers Insurance Kidnap Ransom and Extortion Insurance
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Alliance Insurance Brokers is an Insurance Broking House set up in 2003 by Mr. S.V. Thakkar. Registered with the Insurance Regulatory and Development Authority of India (IRDA) as a Direct Insurance Broker bearing License No. 217.
Presence in Mumbai, Pune and Chennai. Licensed to deal with all insurance companies in India, both in the Life and Non-Life insurance segments.
Most preferred Insurance Broker when it comes to Specialty Lines such as Media / Aviation / Liability risks. Significant expertise in arranging re-insurance support for our clients. First to offer Media Liability Insurance in India to our clients. We have insured more than 50 (Fifty) Risks on Media Liability in the past one year.
Our ability to deal with all Insurers in the country and with Re-Insurers worldwide, enable us to obtain the best deals for our clients, both in terms of coverage and pricing.
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Mr. S.V. Thakkar, C.E.O (B.E Mechanical, DBM, AIII) - Worked with United India Insurance Co. Ltd. for 23 years & with IFFCO-TOKIO General Insurance Co. Ltd. for 3 years.
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Mr. Aatur Thakkar, Director (B. Com, C.A.) - Passed the Composite Insurance Brokers Examination & Trained in Reinsurance at The Chartered Insurance Institute, London
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Mr. O.T. Ghurka, Technical Head (B.E. Mechanical) - Worked with Tariff Advisory Committee for 27 years.
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Mr. Tapas Nandi, President B.E. (Electrical), MBA (Finance) & A III; Worked with United India Insurance Co. Ltd. for 17 years & Royal Sundaram Alliance Insurance Co. Ltd. For 8 years
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CONTACT DETAILS
ALLIANCE INSURANCE BROKERS PVT. LTD. Add: 205, 2ND FLOOR, VIRESHWAR CHAMBERS, SHAAN CINEMA COMPOUND, M.G. ROAD, VILE PARLE(EAST), MUMBAI 400057. 91 22 6739 0900 6739 0910 91 22 6739 0919 6739 0918
Tel:
Fax:
Email: dsuvarna@allianceinsurance.org
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THANK YOU
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