Insurer to pay nearly US$600,000 for plane crash

10/31/2018 6:08:00 AM

Source: Business Insurance

Indonesia-based insurer PT Jasa Raharja (Persero) will likely pay nearly 9 billion Indonesian rupiah ($585,200) in total to beneficiaries of victims for the PT. Lion Mentari Airlines’ plane crash, Asia Insurance Review reported citing media sources. A total of 181 passengers and eight crew members died in the Oct. 29 crash. Under the country’ aviation liability rules, Lion Air is also likely to pay compensation for each victim. China Minsheng Investment Group Leasing Holdings Ltd., which owns the crashed Boeing 737, said that the plane is fully covered by insurance.