PVI Insurance completed compensation payment for the entire Bell 505 helicopter body.

On May 18, PVI Insurance, the leading original insurer in the PVI - Bao Viet - MIC joint venture, completed the payment of the entire insurance amount for the entire Bell 505 helicopter fuselage.

This unit also said that for the pilot's family, after making an advance payment of 50,000 USD for the pilot who unfortunately died, PVI is also completing the procedure to pay the remaining compensation amount under the pilot accident insurance policy of 150,000 USD.

On April 5, a Bell 505 aircraft with registration number VN-8650 had an accident and crashed into the sea of ​​Quang Ninh , killing 4 passengers and 1 pilot. (Illustration photo)

Previously, on April 24, PVI confirmed that it had completed the procedures related to the insurance of the Bell 505 helicopter body, registration number VN-8650, and was ready to pay Vietnam Helicopter Corporation VNH the amount of 1,569,400 USD (after deducting the deductible).

Regarding VNH's liability insurance coverage related to passengers, PVI Insurance is also closely coordinating with VNH to discuss with passengers' relatives to determine specific wishes on a reasonable basis, according to practice and in compliance with legal regulations.

On the afternoon of April 5, 2023, a Bell 505 aircraft with registration number VN-8650 took off from Tuan Chau Island, Ha Long City, Quang Ninh Province and had an accident, killing 4 passengers and 1 pilot.

PVI Insurance - Bao Viet - MIC Joint Venture is the insurer providing insurance for VNH's aircraft and PVI Insurance is the leading primary insurer in the joint venture. The insurance program includes: Aircraft hull insurance; liability insurance of the airline for passengers and third parties; Accident insurance for pilots.

Cong Hieu

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Source: https://vtc.vn/bao-hiem-pvi-hoan-tat-chi-tra-boi-thuong-toan-bo-than-truc-thang-bell-505-ar783755.html