NICL to pay Rs10m to heir of each PIA crash victim
Updated 05 Aug 2020
KARACHI/ISLAMABAD: The National Insurance Company Limited (NICL) will pay Rs10 million each to the heir of 97 passengers killed in the May 22 plane crash near Karachi airport.
Being a government company, the NICL has insured every Pakistan International Airlines (PIA) passengers for Rs5m as well as the entire fleet of the national carrier.
A PIA official said the legal and insurance teams of the PIA had found out a technicality to double the insurance coverage to the PK8303 crash victims from Rs5m per passenger to Rs10m per passenger.
He said the PIA CEO in a meeting had tasked the teams to convey to the insurance company that it should not follow the carriage laws of Pakistan of 2012 as it had not been specifically mentioned in the agreement between the PIA and NICL. Instead the company should account for inflation of the last eight years, which should double the amount, he added.
The official said the national carrier fully facilitated the victims’ families in getting the compensation amount and would process and submit the claims on behalf of every affected family after completing the required legal formalities.
The ill-fated A320 aircraft was insured for $19.7m. The aircraft was not owned by the PIA as it got it on lease. The Celestial Aviation Trading 34 Limited, Ireland was the owner of the aircraft and it would get the insurance amount.
Source: https://www.dawn.com/news/1572687/nicl- ... ash-victim