Jet Airways crisis: Employees lose medical cover as airline fails to pay premium

The employees of Jet Airways lost their medical cover as the embattled airline could not pay the premium for the group mediclaim policy. The policy has expired, leaving around 16,000 employees of the debt-laden carrier in more trouble, in addition to the delayed salaries and an uncertain future. Last month, Jet Airways had grounded all operations after lenders refused to disburse funds demanded by the airline to bear daily expenses.

In a letter to the employees, Jet Airways Chief People Officer Rahul Taneja informed that the company would not be able to pay the premium for the group mediclaim policy. "In the absence of any emergency funding from the lenders or any other source of funds forthcoming in the near future, we find ourselves facing a situation where we are not able to fund the premium of our Group Mediclaim Policy. The policy lapses on the midnight of April 30," Taneja wrote.

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