Consortium of four state-owned insurers and ICICI Lombard qualify to insure Air India

India's ICICI Lombard General Insurance Co. Ltd. and a consortium of four state-owned nonlife insurers have qualified for providing insurance cover to Air India Ltd., reported mydigitalfc.com.

These insurers would have to submit their financial bids by September. Air India's insurance policy will come up for renewal in October and is the nation's largest aviation policy. The consortium of state-owned insurers include United India Insurance Co. Ltd., National Insurance Co. Ltd., Oriental Insurance Co. Ltd. and New India Assurance Co. Ltd.

Read more