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JetPrivilege ties-up with HDFC Life to bring Group Term Insurance plan for its members.

Mumbai December 02, 2016: JetPrivilege, the award-winning loyalty and rewards management programme and the frequent flyer programme of Jet Airways, in association with HDFC Life, one of the leading insurance solutions providers in India, has introduced a unique one-year life insurance term plan created for JetPrivilege members. This innovative offering will be available only on where a JetPrivilege member will be able to opt for the policy without leaving the comfort of their homes.

The customised Master Policy which includes benefits such as affordable premium, eligibility without medical tests or paperwork, and a one-year term plan with 365 days’ coverage is designed to meet the needs of JetPrivilege members. Members can choose between a Rs.50 Lakh cover plan or Rs.75 lakh cover plan basis their membership tier within the programme.

Manish Dureja, Managing Director, JetPrivilege, said, “JetPrivilege is pleased to announce its association with HDFC Life, to provide Group Term Life Insurance to our members. Selecting the right insurance plan is important and we are confident that our latest offering will immensely benefit our members. This new partnership is an exciting first for JetPrivilege, and we will continue to be in the forefront of introducing innovative products and services that will strengthen our overall value proposition for our members.”

Amitabh Chaudhry, MD & CEO, HDFC Life, said, “We are proud to announce our partnership with JetPrivilege, one of our first partnerships in the loyalty space in India. As a value proposition to JetPrivilege members, we have enabled Group Term Life Insurance benefit with an enrolment experience that is completely seamless and online, hassle free and paper-less. Our ability to work with multiple partners both from online & offline space, innovation led strategy and strong technology driven processes will help create more such propositions in the future.”

About Jet Privilege Private Ltd.

Jet Privilege Private Limited (JPPL) is a specialized loyalty and rewards management company, a joint venture between Jet Airways and Etihad Airways, established to develop, manage, operate and market JetPrivilege – an internationally acclaimed, award winning loyalty and rewards programme.

JetPrivilege, the proud recipient of the prestigious ‘210 Award’ at Freddies in 2016 and ‘Best Loyalty Program in Service Sector’ in the 9th Loyalty Summit Awards in 2016, continues to be the Frequent Flyer programme of Jet Airways, offering exclusive privileges to members when they travel on Jet Airways and any of its partner airlines. The programme offers the unique benefit of accelerating JPMiles accumulation through use of co-branded credit and debit cards, book & stay across domestic and international hotel partners, and carry out transactions with any of the 150+ programme partners from different industries like retail, telecom, lifestyle, dining, entertainment to name a few. JPMiles can be redeemed for Award flights to over 1000 destinations across the world.

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About HDFC Life

Established in 2000, HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customising plans, by adding optional benefits called riders, at a nominal price. As on October 31st, 2016, the Company had 29 individual and 9 group products in its portfolio, along with 8 optional rider benefits catering to a diverse range of customer needs.

HDFC Life continues to benefit from having a wide reach with 398 HDFC Life offices in India and 12,000+ distributor touch-points. The Company has a strong base of Financial Consultants. The Company has also recently completed incorporation of its wholly owned subsidiary in Dubai to offer reinsurance services.

HDFC Standard Life Insurance Company Limited ('HDFC Life' / ‘Company’) is a joint venture between HDFC Ltd., India’s leading housing finance institution and Standard Life, a global investment company.

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JPPL is the Master Policyholder of HDFC Life . HDFC Standard Life Insurance Company Limited. In partnership with Standard Life Plc. IRDAI Reg No 101. CIN:U99999MH2000PLC128245

About Jet Airways

Jet Airways is India’s premier international airline which operates flights to 66 destinations, including India and overseas. Jet Airways’ robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations. Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America. The Jet Airways Group currently operates a fleet of 114 aircraft, comprising Boeing 777-300 ERs, Airbus A330-200/300, Next Generation Boeing 737s and ATR 72-500/600s.

Jet Airways, together with airberlin, Air Serbia, Air Seychelles, Alitalia, Etihad Airways, Etihad Regional operated by Darwin Airline, and NIKI, participates in Etihad Airways Partners. Etihad Airways is part of the Etihad Aviation Group, which also holds minority investments in each of these airlines.

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