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Name the General Insurance Company,that launched first-of-its-kind ‘Trip Protector’ policy in India?
- a)National Insurance Co. Ltd
- b)New India Assurance Co. Ltd
- c)Bajaj Allianz General Insurance
- d)HDFC ERGO General Insurance Co. Ltd
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Name the General Insurance Company,that launched first-of-its-kind &ls...
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 that:
• 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.
• 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.
Most Upvoted Answer
Name the General Insurance Company,that launched first-of-its-kind &ls...
Product called "Mosquito Disease Protection Policy" in India.
The General Insurance Company that launched the "Mosquito Disease Protection Policy" in India is HDFC ERGO General Insurance Company.
The General Insurance Company that launched the "Mosquito Disease Protection Policy" in India is HDFC ERGO General Insurance Company.
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