Tuesday, December 26, 2017

New India Assurance bags insurance mandate for Air Deccan

India’s largest non-life insurer New India Assurance has bagged the aviation insurance cover mandate for Air Deccan.

Nearly 10 years after pioneering low-cost air travel model, Air Deccan has come back to the sector under regional connectivity scheme. The airline has ambitious plans of expanding in this segment in a big way by riding on the economic boom in smaller cities pan-India.

New India Assurance is the leader in aviation insurance covering all major airlines of India like Air India, IndiGo, Spice Jet, Vistara and Go Air.

Among other big projects in non-aviation businesses, New India Assurance had recently bagged the health insurance project of Rajasthan Government under its Bhamasha Swasthya Bima Yojana (BSBY) covering about 4 crore citizens. The company said, it will execute health insurance for about one crore families across the State under the National Food Security Act (NFSA).
26/12/17 moneycontrol