Airlines have been trying to come out with good innovative offers to attract customers during the pandemic nightmare. In its efforts to do the same, SpiceJet is offering passengers up to Rs 3 lakh in medical insurance. But this coverage is only for treatments and medical expenses made because of contracting COVID19. SpiceJet recently got downgraded by the rating agency CRISIL. It was because of its weakening liquidity profile. It is worthy to note that SpiceJet is the first airline in the industry to offer such insurance.
SpiceJet in Partnership With Go Digit General Insurance Ltd
SpiceJet has partnered with Go Digit General Insurance Ltd for making this offer possible. The airline has tied up with its Digit Illness group insurance policy to offer insurance to customers. But like every other insurance policy, you have to pay a premium. There is a range of insurance coverage that passengers can opt from. The range starts from Rs 50,000 and goes up to Rs 3,00,000.
As for the premium, SpiceJet said the customers have to pay between Rs 443 to Rs 1,564 (including GST). Don’t worry though, you don’t need to pay this premium every flight that you board. It will be once a year payment only. The insurance will cover hospital expenses for 30 and 60 days respectively.
SpiceJet has said that the insurance will cover a complete 12 months. All types of hospitals are covered, be it government or private hospitals. The airline has cleared all the payment policies as well. In case it is a cashless payment, the insurance company will directly pay the hospital. If the claim is for reimbursement, then the insurance company will transfer the money into the customer’s account.
Ajay Sing, Chairman and Managing Director of SpiceJet said that it is the airline’s priority to keep its customers safe. SpiceJet has made many changes to the way they provide services to ensure passenger and crew safety. Along with that, now the airline is also offering medical insurance to passengers for boosting their confidence in taking flights. Flights still remain the safest mode of travel.