NEW DELHI: Cancelling your air ticket just hours before flight departure time due to pressing reasons could soon not mean losing the entire booking amount. India is planning to roll out an inbuilt travel insurance component in air tickets within next 2-3 months that could mean getting anywhere upto 80% refund for last-minute exigency cancellations. As of now, a cancellation within three hours of departure time is treated as a no-show and no refund is given. If passengers are able to prove their medical emergency for their last-minute cancellation, airlines may give a full refund. But this is purely discretionary. Sources say the aviation secretary is in discussions with Indian carriers to see how best the inbuilt insurance plan can be rolled out at with the premium being borne by airli

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