The policy is designed for events such as exhibitions, musical shows, etc. to cover the financial loss of the organizers as a result of cancellation, abandonment, curtailment, postponement or relocation of the scheduled event due to any reason beyond the control of the organizers.

The major contingencies associated here are national mourning and cancellation of events due to adverse weather. The cover can also be extended to include non-appearance of a prominent person such as an artiste, whose presence is crucial for the event.

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