
Cheaper way to cancel or reschedule flight tickets
- Indigo has a Flexi Plus Fare option which allows almost free cancellation and rescheduling if done 4 or more days before the travel date.
https://www.goindigo.in/add-on-services/flexi-fares.html
- EaseMyTrip offers Flight Cancellation Insurance up to ₹ 5,000
https://www.easemytrip.com/pdf/Domestic-Flight-Cancellation-Insurance.pdf
Other suggestions are welcome from everyone.
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MMT business gives you free cancellation, meal and seats on a bunch of flights. I think you only need gst to get it with no extra cost. My org is super cheap yet they provide it so i m assuming its free.

Everyone OTA has this option it’s called FlexiFly to FlexMax to whatever.
In Cleartrip, CTFlexMax - you pay 800-1200 extra on the fare & have the option to cancel or reschedule without paying those airline charges.
It’s an insurance backed product.

I wonder if it is better to buy these Flexi Tickets directly from the airline or from third party websites.

Always better to buy directly from the airline. Since airline is the final authority here.
However, like you said the restrictions are different. On Indigo you have to change or cancel 4days before flying. OTAs allow you to do that upto 24hrs before.
So based on what suits you better, you can choose that. If you are an Axis Bank customer, Cleartrip is running a big offer where in you can get this Cancel For Any Reason product for Re. 1 and also free seat & meal for domestic flights till November’23.

EaseMyTrip offers Flight Cancellation Insurance up to ₹ 5,000
https://www.easemytrip.com/pdf/Domestic-Flight-Cancellation-Insurance.pdf

Indigo has a Flexi Plus Fare option which allows almost free cancellation and rescheduling if done 4 or more days before the travel date.