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Violet Pinto
Occasional Contributor
Posts: 18
Registered: ‎20-09-2017

What is Ticket Cancellation Insurance launched by HDFC ERGO recently?

What is Ticket Cancellation Insurance launched by HDFC ERGO recently?

1 REPLY 1
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Juned Shaikh
Contributor
Posts: 23
Registered: ‎12-09-2017

Re: What is Ticket Cancellation Insurance launched by HDFC ERGO recently?

This product is for the Event Ticketing Partners against non-sale of tickets canceled by the end customers. This Insurance Product focuses on the cancellation by the customer due to any reason. Hence, an event of loss would require –

-Sale of ticket
-Cancellation by customer
-Refund by Event Ticketing Partner to customer
-Non-sale of the canceled ticket, if specific seat numbers are allotted (For events where no seat number is allotted, like musical concerts, all canceled tickets will be reimbursed)

Best Part of this Insurance Product

- All Risk Ticket cancellation Product means this product will cover all risk, except specifically mentioned in the exclusions. 
- No question asked the ticket buyer on the reason for cancellation. Unique Product for the Indian market
- Event Ticketing partners/sellers can offer refundable tickets to customers
- Covers ticket cost including internet handling fees/convenience fees
- Multiple options for Time and Percentage deductible