With the sudden outburst of private airlines in Indian skies, their are more than 25000 passengers travelling everyday using these airlines but none of the flights are insured. What do we mean when we speak about insurance in domestic airlines ....... well in today's world every thing can be insured, and if we are thinking about insuring 25000 people lives their is nothing wrong in it.
Why would somebody take an insurance for 1 hour flight, well people in today's world understand it does not need an hour for an accidents to happen. Thus, travelling for an duration can turn out to be our worst nightmares and we are not ready to trade our lives for anything in this world.
How will it work ???
Simple, the insurance details would be traded while booking for the tickets are being done and will cost around 100, which will include a coverage of around 2 lakhs for the flight. People can use their brains to include other benefits and leverage on charges and deals to make it more attractive.
If a airline or a Insurance company can get this thing through, the least amount of money they would mint through this could be huge on daily bases.
Just to try some figures -
5000 out of 25000 opt for insurance, 100 for a person/per flight premium on which a company gains just 10, they still make -
5000 X 10 X 365
i don't wanna count as it would make too many people greedy ....... what say ???
