Gamers can claim a refund of up to 100% of their net loss on select titles
India, September 30, 2022: MPL, one of the world’s largest mobile and skill gaming platforms, has announced India’s first ever multi-game Loss Protection policy that is aimed at safeguarding the interest of the players. With this policy, gamers can claim a refund of up to 100% of the net loss that they may have incurred after playing 10 gameplay sessions with specified thresholds. This initiative is a great step in enabling users to play some of the most popular titles on the platform while keeping their financial security in mind. The loss protection initiative will be available for activation during MPL’s marquee gaming festival, Diwali Lakhpati Party, and will help users enjoy a great gaming experience during the festive season.
This first-of-its-kind initiative in the gaming industry is aligned with MPL’s player-first approach that shows the company’s commitment towards offering a safe and secure gaming experience. This will also enable the players to concentrate on the gameplay without having to worry about the probability of losing money.
Through this program, once a user activates this policy, they can avail of the option of claiming a refund of their net loss, if incurred, after 10 gameplay sessions. The policy covers select titles which are some of the top games like Poker, Ludo, Fantasy, Carrom, Block Puzzle, etc. The procedure for activating the insurance entails a successful KYC verification and the amount is directly refunded to the user’s MPL wallet. Gamers need to submit their claims on the app to avail the offer.
Commenting on the launch, Namratha Swamy, Country Head – India, MPL, said, “At MPL, we are committed to offering best-in-class gaming experience to our users always. We feel the Loss Protection policy is a great initiative that can foster safe and risk-free gameplay and is aligned with our player-first approach. With this, we hope our users can enjoy a great festive season and play their favorite games on the platform without having to worry about losing money”.
The MPL Diwali Lakhpati Party, which will run from today until October 31, presents many opportunities for players to try their hand at skill gaming and claim grand cash rewards. The marquee gaming gala, with a total value of Rs 40 crore, will see more than six million gamers with 10,000 users expected to win every hour.