HDFC ERGO General Insurance Company, India’s third-largest non-life insurance provider in the private sector, announced the launch of Trip Protector’ insurance policy, a pioneering policy in the non-life insurance segment in India.
In the event of a cancellation, either a flight or hotel booking, Trip Protector insurance policy will safeguard travelers financially against the cost of cancellation levied by Hotels or Airlines. The policy is initially being offered to customers of HDFC Bank on the purchase of Airline tickets or Hotel Bookings done using their individual HDFC Bank credit cards.
Source- The Asian Age
Static/Current Takeaways Important For NIACL AO Mains Exam:
- HDFC ERGO General Insurance Company is a 51:49 joint venture between the Housing Development Finance Corporation Ltd. (HDFC) and ERGO International AG.