Sunday, November 29, 2015

Punjab: Few takers for insurance of ‘VIP’ helicopter

Chandigarh: Insurance for the VIP Bell 429 helicopter that ferries Punjab Chief Minister Parkash Singh Badal, Deputy Chief Minister Sukhbir Badal and other VVIPs has once again run into rough weather.
Ever since the state government purchased the US-made helicopter in 2012 at a cost of Rs 36.62 crore, the Punjab civil aviation department has been struggling every year with insurance bids and the valuation. It’s no different this year.
On November 20, the department of civil aviation had invited quotations for the insurance of twin engine seven-seater (including two seats for crew) helicopter a second time, days after it received only two bids, one by United India Insurance Company and other by HDFC ERGO General Insurance, on November 16, in response to its first advertisement for quotations on October 30.
29/11/15 Navjeevan Gopal/Indian Express
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