Which of the following statements about insurance in aviation sector is/are correct ?
- 1.'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment.
- 2.Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.
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Answer: C. Both 1 and 2
Answer from the provisional UPSC key; it may change when the final key is out. A full explanation for this question is on its way.