Down with poor financial health, Jet Airways is now offering its Jet Privilege members life and health covers as the career is desperately trying various ways to generate additional revenues to sustain. For this purpose, Jet has tied up with HDFC Life and Star Health Insurance to provide life insurance and health insurance covers, respectively.
Moreover, the members may avail a life insurance cover up to Rs 75 lakh and a health insurance cover up to Rs 15 lakh without any pre-policy medical checkup. Insured persons will get the insurance cover for 365 days, which is not limited to just travel periods through the airline.
The offers are only for the Jet Privilege members and the airline claims that the process is completely hassle-free as the application process will be completed online and there is no requirement of any paper work.
In association with HDFC Life, as a master policyholder, Jet Privilege offers HDFC Life Group Term Insurance. The members may bring financial stability in their life by availing the insurance that provides cover up to 60 years of age.
The life cover will start from the first day of getting the insurance, but in case of death by suicide within 12 months of getting the cover, the nominee will be entitled to get back 80 per cent of the premium paid.
The Jet Privilege members may also avail a wider health cover for themselves and their family with Star Health Insurance with an easy sign up process that requires no paperwork. Moreover, Star Health Insurance will offer a wide range of health insurance policies exclusively for Jet Privilege Members.
However, the health insurance cover may be taken till 65 years of age. There will be 15 per cent co-payment for persons above 60 years. The co-payment will be 50 per cent if a claim is made for any pre-existing disease.