综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Policy Watch

Flight-delay insurance has slow takeoff

By Wang Ying in Shanghai | China Daily | Updated: 2013-08-07 07:34

Spending 20 yuan ($3.26) on flight-delay insurance sounds a good deal for passengers leaving from Chinese airports, which have poor punctuality records, but it is rare that anyone actually buys it.

Yang Hao is one of the few who does, and he said he recently received 1,000 yuan in compensation after claiming for a delayed flight.

"For people like me who take planes every week, flight-delay insurance is worthwhile," he said. "At least your waiting time at the airport can be compensated for."

However, most travelers are not tempted to buy insurance policies.

"I don't believe in that kind of insurance," said Zhou Jing, another frequent flyer. "To my knowledge, situations such as flight flow control and extreme weather conditions are not covered, and even if you qualify, the application procedure for getting compensation is long and frustrating."

Zhou has a point. Most flight delay insurance only applies if the flight is delayed for more than four hours, and compensation is often between 200 and 400 yuan.

"The insurance is just for profit," said Li Lei, an industrial analyst with Minzu Securities. "In China, considering the high rate of delayed flights and passengers' low motivation to buy it, I don't see much business opportunity there."

China CITIC Bank's credit card division launched the nation's first flight-delay insurance service in May 2006, but there are still only a few insurance companies offering coverage today.

"Compared with traditional products, companies can hardly make a profit from delay insurance," said an industry insider who spoke on condition of anonymity.

Zhang Wu'an, spokesman for Spring Airlines, China's only budget carrier, said sales of its flight insurance increased slightly this summer.

"Between 10 and 15 percent of our tickets are sold along with insurance," he said, explaining that passengers who purchase the insurance automatically receive a text message if their flight is canceled or delayed by more than three hours, and the compensation goes directly into passengers' bank accounts.

Analyst Li said flight insurance sounds more like a marketing tactic for the low-cost carrier.

"The compensation will cost less than the cost of advertising, but will help its sales more effectively than pure advertisements," he said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
大庆市| 泸溪县| 无为县| 宿迁市| 襄汾县| 晋江市| 共和县| 潢川县| 濮阳县| 江口县| 沅江市| 牙克石市| 江城| 兴隆县| 纳雍县| 贡觉县| 保靖县| 古交市| 卢湾区| 道真| 宝丰县| 乐安县| 马公市| 衡南县| 丹巴县| 从江县| 杭锦后旗| 杭锦后旗| 黄陵县| 武威市| 新闻| 泗水县| 冷水江市| 红安县| 桂东县| 安达市| 枣庄市| 筠连县| 汉源县| 施秉县| 罗山县|