The fatal Air India crash in Ahmedabad could set off one of the costliest insurance claims in India’s history at about $475 million, according to a Bloomberg report. The claim for the aircraft hull and engine is estimated at around $125 million,

India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million.

The Air India Flight 171 crash in Ahmedabad, which claimed 241 lives, may lead to one of the largest aviation insurance payouts in history—estimated at $475 million. Experts warn the disaster could drive up aviation insurance premiums and impact global reinsurers.