Indian flyers will get much higher compensations now, at par with global standards

Now air travellers will be able to avail higher compensation in case of death, injury, lost baggage as the Parliament passed the Carriage by Air (Amendment) Bill.

After the President’s nod, the air passengers will be able compensated equivalent to the rates paid by their global counterparts.

In case of death in an air accident, the amount would be calculated on the basis of SDR (Special Drawing Rights).

The Bill intends to raise the liability limit for damage in case of death or bodily injury for each person from 1,00,000 SDR to 1,13,100 SDR.
The currency value of the SDR is based on market exchange rates of a basket of major currencies - US dollar, Euro, Japanese Yen and Pound Sterling.

As per the latest exchange rate, the compensation limit rises to more than Rs 1 crore. One SDR is equivalent to around Rs 93.

According to the Bill, the liability for delay in carriage for each person was proposed to be raised from 4,150 SDR to 4,694 SDR, while the liability in case of destruction, loss, damage or delay of baggage is proposed to be raised from 1,000 SDR to 1,131 SDR.