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International

India's Jet Airways keeps premium flat by tapping tie-up with Etihad Airways

December 22, 2014 Reprints

Jet Airways (India) Ltd. has kept its insurance premium flat by tapping its collaboration with U.A.E.-based Etihad Airways PJSC even as overseas reinsurers raised premium for aviation coverage, Financial Chronicle reported.

The Indian airline renewed its insurance policy for fiscal year 2014-15 for a premium of about $6.5 million.

The sum assured is $5.11 billion.

India's state-controlled Oriental Insurance Co. Ltd. is the lead insurer, covering a major part of the risk, Financial Chronicle reports.

American International Group Inc. continues to be the lead reinsurer.

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India's Jet Airways keeps premium flat by tapping tie-up with Etihad Airways

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