Insurance Claims of Airasia Flaight QZ8501 will be Paid: OJK

Jakarta (Antara) -- Insurance claims for the body and engine of AirAsia flight QZ8501 will still be paid, even though the license was declared invalid by the Ministry of Transportation. The flight traveling the Surabaya-Singapore route went missing on December 28. Insurance claims for the body of the AirAsia flight includes compensation offsets purchased by AirAsia from PT. Asuransi Jasa Indonesia (Jasindo) and PT. Asuransi Sinar Mas, the OJK commissioner overseeing the non-banking financial industry, Firdaus Djaelani, said here on Tuesday. "We do not know about the insurance value of flight's frame. It could be worth US$50 million. It will be paid by the insurance company," he stated. According to OJK's analysis of the AirAsia insurance claims, there are no exceptions regarding changes in flight schedules. Therefore, Djaelani added, violations related to the departure were not included in the exceptions mentioned in the claims. "It is not true that the insurance cannot be liquid," he remarked. (*)