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GoAir, Tata-AIG ink deal

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March 03, 2008 15:31 IST

Wadias-promoted budget carrier GoAir on Monday said it has signed a deal with Tata-AIG General Insurance, under which the airline would provide travel insurance to its passengers booking their tickets online.

The insurance cover, available on bookings made online from GoAir's website, would give the domestic passengers an option of buying the cover for his travel at a premium of Rs 129, the airline said in a statement.

The deal is part of GoAir's efforts to enhance its sales volumes through online booking, analysts said. The online bookings currently contribute about 45 per cent of GoAir's overall sales volume and the airline has been seeking to make its distribution channels more attractive, they added.

Commenting on the deal, GoAir Managing Director Jeh Wadia said: "Our unique partnership with Tata AIG General Insurance is part of a strategy to provide value to our passengers. Tata AIG General Insurance will offer their travel insurance product under the GoSurpises portfolio."

Under the plan, a passenger would be financially compensated up to Rs 10,500 by TATA-AIG, in case of a flight delay beyond a specified duration.

Besides the passenger will also be entitled to benefits such as baggage loss reimbursement (up to Rs 7,500) if baggage is lost in custody of GoAir on the flight for which cover has been purchased.

The Trip Cancellation & Trip Interruption Benefit will reimburse the original cost of the GoAir ticket if the passenger buying the insurance cover needs to cancel or shorten his trip due to sickness, injury or loss of an immediate family member.

The Emergency Accidental Medical Benefit will reimburse medical bills (up to Rs 1,00,000), if the passenger is involved in an accident during a trip and needs medical attention. 

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