Jet Airways ineligible for insurance payout after collapse

An insurance official said that Jet Airways (India) Ltd. is ineligible for insurance payouts after the airline suspended its operations on April 17 due to debt-related issues, Moneycontrol reported. The official said that the airline's aviation insurance policy covers terror and war-related damage, third-party liabilities and cargo and excludes financial troubles-related stoppage. The airline had purchased aviation cover from India-based The Oriental Insurance Co. Ltd.

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