Air India announces new medical insurance scheme for employees from 15 May
In an attempt to provide better medical facilities across a large network of hospitals across the country, Air India announced Read more
Air India
Tata subsidiary joins insurance consortium for Air India cover
Within months of the Tata group taking over Air India, Tata Aig has joined a consortium to provide insurance cover Read more
Retired Air India staffers to continue to get health cover
In a huge relief for retired Air India employees, the government has finalised a solution to the key issue of Read more
Aggressive bidding likely for Air India’s $9 bn insurance cover
Insurance companies are getting ready to bid aggressively for Air India $9 billion (around Rs.57,420 crore) cover, coming up Read more
Air India not liable for compensation under current insurance policy
Air India may have to rely solely on Boeing for compensation for the loss caused due to its Boeing 787 Dreamliners being grounded, as the insurance cover it has taken does not cover financial losses due to glitches occurring on account of technical and other factors. Read more
Life Insurance Corporation of India, EPFO to fully subscribe to bond issue of Air India
Life Insurance Corporation of India (LIC) and the Employee Provident Fund Organisation (EPFO) have decided to fully subscribe to the Rs.7,400 crore bond issue of Air India, thus giving a lifeline to the national carrier. An Air India spokesperson said that both LIC and EPFO have agreed to buy all the non-convertible debentures (NCDs) being sold to raise resources to repay bank loans. Read more