Current Affairs - Business - Discussion

The first-of-its kind 'Trip Protector' insurance policy was launched by HDFC ERGO General Insurance Company which is the third-largest non-life insurance provider in the private sector in India. The policy states In case a flight or a hotel booking is cancelled, travellers will be safeguarded financially against the cost of cancellation levied on them by the respective hotels or airlines for both domestic and international travel. In instances wherein travellers are refused accommodation on arriving at the hotel due to overbooking, the policy will provide cover against cancellation of a pre-booked room. Initially, this policy is being offered to customers of HDFC Bank on the purchase of Airline tickets or Hotel Bookings done using their HDFC Bank credit cards. The policy will allow customers to choose between refundable and non-refundable tickets. Refundable tickets shall be paid for in case of cancellation.