HDFC ERGO has announced the launch of ‘Ticket Cancellation Insurance Policy’, a new policy that will provide cover for a pre-booked ticket in case of any cancellation by the customers.
With the introduction of this policy, both customers and event ticketing partners such as bookmyshow.com do not have to worry about cancellation.
The company expects that this new policy will protect the event-ticketing partners against financial losses in case the customer cancels a pre-booked ticket of a scheduled event.
It will be offered for corporate and social events such as musical concerts, training workshops, sports matches, adventure etc.
Talking about the policy, Mukesh Kumar, ED, HDFC ERGO General Insurance Company said, “The launch of India’s first ‘Ticket Cancellation Insurance Policy’ is designed to assure financial support for any cancellations to event ticketing partners. There is no exclusion in the policy and the customers will be refunded the money for pre-booked ticket(s) by the event ticketing partner. With this product, event ticketing partners can offer ticket to their customer, without the fear of a cancelled ticket remaining unsold.”
The policy will cover ticket cancellation due to any reason by customers.