Prize Indemnity Insurance

Prize Indemnity insurance is an insurance designed for promotions that give participants a chance to win a prize. This guarantee protects the pensioner against the realization of the reward that the insured undertakes to give under certain conditions, by paying the pensioner when the conditions are met. In this way, the insured can transfer the risk to the insurance company by paying the premium instead of allocating cash for the cases that need to be awarded. This may be a prize, a monetary award, or any product (car, travel, motorcycle, etc.) that can be agreed on according to the concept of the area / organization where the promotion is made.


This insurance could be purchased by shopping centers, sports competitions, television competitions all over the world. In this insurance, there is a possibility that the prize will not be won as it is likely to be won.