Automobile & Bike Insurance coverage: PhonePe customers can get their automobiles insured in a couple of easy steps now
PhonePe, India’s main digital funds platform has introduced the launch of Automobile and Bike Insurance coverage merchandise on its platform for homeowners of personal automobiles and two-wheelers, in affiliation with Bajaj Allianz Common Insurance coverage, one among India’s main basic insurers. With this launch, over 230 million registered PhonePe customers can now insure their automobiles seamlessly in beneath 2 minutes, with out the necessity for any paperwork to be uploaded earlier than the acquisition and likewise view their coverage paperwork immediately on the app. PhonePe’s Automobile and Bike insurance coverage merchandise are additionally among the many most inexpensive ones out there out there at this time.
What can also be noteworthy is that PhonePe’s Automobile and Bike insurance coverage clients can get hassle-free renewals, cashless restore companies at an intensive countrywide community of garages and prompt declare settlement inside 20 minutes. PhonePe customers also can customise their Automobile insurance coverage plan based mostly on their wants with a spread of value-added choices reminiscent of Zero Depreciation, 24X7 Roadside Help and engine safety amongst others. Zero depreciation helps defend the automobile whatever the annual depreciation within the worth of its components and pays for the whole declare quantity, thereby limiting out-of-pocket bills for the customers.
PhonePe customers can get their bikes and automobiles insured in a couple of easy steps. All they should do is to go to the “My Cash” part of the app (each Android & iOS) and go to the “Insurance coverage” part. Each Automobile & Bike insurance coverage merchandise can be seen beneath the Motor Insurance coverage part. Clients simply want to pick out the specified insurance coverage protection for his or her automobile, replenish the main points and make the fee.
Commenting on the launch, Gunjan Ghai, VP & Head of Insurance coverage at PhonePe stated, “We’re delighted to launch Automobile and Bike insurance coverage merchandise for our customers. That is in keeping with our aim to be a one-stop vacation spot for all insurance coverage wants of our clients, We consider there may be super headroom for progress within the motor insurance coverage section as two-wheelers account for 70% of the automobiles within the nation and a bulk of those are uninsured. With our attain and customer-first strategy, we’re providing a easy, fast and handy approach to purchase motor insurance coverage whereas additionally enabling clean renewals. We stay deeply dedicated to creating insurance coverage inexpensive and accessible for our over 230 million customers and can be launching many new merchandise within the close to future.”
Sharing his perspective, Sourabh Chatterjee, President & Head – IT, Net Gross sales & Journey at Bajaj Allianz Common Insurance coverage stated, “Motor insurance coverage is important and offers safety throughout accidents. Nonetheless, we have now many automobiles throughout India, each two-wheelers and four-wheelers, that are both not insured or are underinsured. At Bajaj Allianz Common Insurance coverage, our endeavour has at all times been to supply insurance coverage merchandise out there which can be easy, simple to grasp, buy and declare for our clients. Our partnership with digital platform suppliers are one other small however large step in that path and therefore we’re very excited with this launch. We can be developing with extra new and progressive merchandise on this platform sooner or later.”
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