Banks struck due to Insurance Claim

[Sudhakar]

Recently there was a plane crash on Mangalore Airport, India.

I heard from few of our Friends & Family saying.

ICICI & another bank was bankrupted due to the Insurance payment for the flight.

Approximately 300.. Crores i Hope.... Not an exact figure. Seems Air India had paid 1.5 or some crore as insurance amount to both the bank last month or so.

Insurance is just a Game . Winners Claim & Looser's Pay Tenures ... 

[Prashanth]

Great info..