Cholamandalam wins bid for non-aviation cover to Air India

Private sector insurance company Cholamandalam MS General Insurance has won the mandate to provide non-aviation related insurance cover to Air India for 2007-08.

“The airline has managed to bag a 25 per cent reduction in the insurance pay out while there has been an increase in the cover being provided. The cover will be to the tune of about Rs 1,800 crore,” an official said without divulging exact details of what the airline payout would be.

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