India, June 13 -- The tragic crash of an Air India Boeing 787-8 Dreamliner on Thursday, which claimed the lives of 241 people, could end up being the largest aviation insurance payout in Indian history.

Industry experts estimate the total liability could range between $211 million and $280 million (around Rs.2,400 crore), reported news agency PTI.

The aircraft, bound for London's Gatwick Airport, took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport at 1:38 PM. Just 33 seconds into the flight, it crashed into a residential area. Of the 230 passengers and 12 crew members, only one British-Indian passenger, Vishwash Kumar Ramesh, survived the fatal incident.

The flight included 169 Indian nationals, 53 British national...