CHENNAI:
Cell pockets MobiKwik has collaborated with Cholamandalam MS Common Insurance coverage Firm Ltd and SBI Common Insurance coverage to supply third get together and complete two-wheeler insurance policy on its platform.With this partnership, clients will now have the ability to insure their two-wheelers on the MobiKwik app in just some easy steps, a press release stated on Wednesday.
A buyer will simply must enter the car quantity to purchase insurance coverage with out getting access to his/her registration certificates. The product suites would additionally embrace add-ons reminiscent of zero depreciation, private accident and 24X7 street help, it added.
Commenting on the partnerships, Bipin Preet Singh, co-founder, MD and CEO, MobiKwik, stated, “We’re sure that insurance coverage choices on MobiKwik platform won’t simply profit our 120 million clients however will convey extra individuals within the ambit of insurance coverage. As an added benefit, quickly, MobiKwik clients will even have the ability to make the most of MobiKwik Zip, Purchase Now Pay Later service to pay their insurance coverage premium.”
Suryanarayanan V, managing director, Chola MS Common Insurance coverage, stated that many surveys reveal that many automobiles are uninsured within the nation. “It could be our endeavour to cater to the massive natural digital person base of the model. We plan to innovate and introduce a number of different new merchandise on this platform sooner or later,” he stated.
Priya Kumar, head – rising enterprise, rural & agriculture, SBI Common Insurance coverage, stated two-wheeler insurance coverage’s significance has been underlined by making the legal responsibility plan obligatory. “We now have noticed that two-wheelers have a excessive uninsured fee, in comparison with different automobiles. Actually, as per IRDAI information, the entire variety of two-wheelers on street in FY 18-19 stood at 17.59 crore, whereas the entire variety of insurance policies bought for two-wheelers within the FY 18-19 stood at 5.9 crore.”
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