How to get car insurance via phonepe? In collaboration with one of India’s top general insurers, Bajaj Allianz General Insurance, PhonePe, India’s premier digital payments platform, has announced the launch of Car and Bike Insurance products on its platform for owners of private automobiles and two-wheelers. With the launch, more than 230 million registered PhonePe users will be able to quickly and easily insure their vehicles without the need to upload any supporting documentation before making the purchase. They will also be able to view their policy documents right away on the app. The car and bike insurance plans offered by PhonePe are among the most reasonably priced ones on the market right now.
Furthermore, users of PhonePe’s Car and Bike Insurance can benefit from hassle-free renewals, cashless repair services at a large network of garages around the nation, and immediate claim payment within 20 minutes. Users of PhonePe may also tailor their car insurance plans based on their needs by choosing from a variety of value-added services including engine protection, 24×7 roadside assistance, and zero depreciation. Zero depreciation covers the entire claim amount and protects the vehicle independent of the annual decline in the value of its parts, lowering users’ out-of-pocket costs.
Users of PhonePe may quickly and easily insure their motorcycles and automobiles. All users have to do is open the app’s “My Money” section (available for both iOS and Android) and go to the “Insurance” area. The Motor Insurance section will display both the Car & Bike insurance options. Customers only need to choose the desired insurance coverage for their car, enter their information, and then pay.
What was the announcement made by Phonepe?
Gunjan Ghai, VP & Head of Insurance at PhonePe, commented on the introduction by saying, “We are thrilled to provide Car and Bike insurance options for our users. This is in keeping with our mission to serve as our customers’ one-stop shop for all insurance requirements. Given that two-wheelers make up 70% of all vehicles in the nation and the majority of them are uninsured, we believe there is enormous room for growth in the motor insurance segment.
We provide a quick, easy, and comfortable way to get auto insurance with our reach and customer-first philosophy, and we also make renewals simple. We will be releasing more new solutions in the future as we stay steadfastly devoted to providing our over 230 million consumers with insurance that is both inexpensive and accessible.
“Motor insurance is vital and offers protection during accidents,” stated Sourabh Chatterjee, President & Head Of IT, Web Sales & Travel at Bajaj Allianz General Insurance. Nevertheless, many two-wheelers and four-wheelers in India lack insurance or have insufficient coverage. Our goal at Bajaj Allianz General Insurance has always been to provide consumers with insurance products that are straightforward, simple to comprehend, simple to buy, and simple to claim. We are very happy about this launch because our relationship with digital platform providers is another tiny but significant step in that direction. In the future, we’ll be developing more fresh, cutting-edge products on this platform.
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All about car insurance via phonepe
Many people view their cars as objects of pride, therefore they feel compelled to safeguard them. It’s really simple and convenient to protect your traveling partner! This raises the issue of auto insurance. A company will provide you with car insurance as a way to protect yourself from losses involving your automobile.
There is a comprehensive plan which covers the following things:
- Liability for Third Parties
In India, third-party auto insurance is required by law. Consequently, a car insurance policy provides coverage for any losses to third parties brought on by mishaps. This includes the legal responsibility for unintentional harms that cause third-party harm or death. Additionally, it covers harm done to nearby property.
- Loss or damage brought on by human action
Losses caused by human activities are also covered by an automobile insurance policy. You sustain losses as a result of mishaps, theft, civil unrest, strikes, terrorist attacks, or transit disruptions. It safeguards your car from any harm that results from these activities.
- Loss or damage brought on by natural disasters
Calamities and disasters that are the result of an act of God are covered by an automobile insurance policy. These include landslides, earthquakes, tsunamis, wildfires, storms, lightning, and tropical storms.
Price range Cost of the insurance policy of Phonepe
- Coronavirus insurance: Rs. 697/annual
- Accident Protection: Rs. 33/annually.
- 1 year of term life insurance costs Rs. 880/year.
PhonePe promises that customers can purchase the policies straight from the platform’s Motor Insurance page under Insurance-> MyMoney and receive an immediate claim that payout in under 20 minutes.
The phone is currently one of the largest digital payment platforms in the nation with a user base of over 385 million. PhonePe offers multiple health plans, mutual funds, tax-saving funds, liquid money, foreign travel insurance, and UPI payments in addition to digital wallets.