You can now buy a motor insurance policy using the Flipkart app

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Navneet Dubey

, ET OnlineLast Updated: May 20, 2020, 01:39:00 PM IST

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The Insurance industry of India has witnessed significant growth in the past few decades. With the introduction of new products and plans, it has not only helped consumers by providing financial protection but also contributed to the nation's economy

insurance-www — Consumers can buy this motor-insurance policy using their Flipkart app.

Flipkart customers, using the app, can now buy Bajaj Allianz motor insurance policies offered for privately owned 4-wheelers and 2-wheelers. According to a press release, benefits of buying a motor insurance policy via the Flipkart app include easy online purchase and quick claim support, 24x7 roadside assistance, self- survey for claim settlement, transfer of No Claim Bonus (NCB) and zero depreciation cover.

Ranjith Boyanapalli, Head - Fintech and Payments Group, Flipkart, said, "Flipkart has branched out to various insurance services for life, health and devices. With the introduction of motor-insurance, consumers can now get access to a much more seamless, accessible and flexible insurance solution to safeguard their vehicles."

The motor insurance policies' features include the following:

4-Wheeler	2-Wheeler
MOTOR OTS (Motor On the Spot): Motor OTS allows consumers to self-inspect their vehicle in case of an accidental damage	INSTANT SUPPORT: Round the clock assistance and instant resolution of customer queries through SMS, toll-free number, WhatsApp Service, Missed Call Facility, chat bot BOING
ZERO DEPRECIATION: The cover protects cars from depreciation expenses, minimizing out-of-pocket expenses during a claim and increasing savings	HASSLE-FREE RENEWAL: No inspection, no questions asked, hassle-free renewal procedure by just paying the premium amount
4000+ NETWORK GARAGES: A cashless claim settlement and high-quality services at any of the preferred network garages across the country	Transfer of NO-CLAIM BONUS: NCB - a unique feature wherein consumers get a reward for every claim-free year. Consumers can transfer up to 50% the NCB from their previous policy when they switch insurers
24x7 ROADSIDE ASSISTANCE: A pan-India cover option for policyholders who need assistance while being on the road	-

Source: Flipkart

How to buy motor insurance using Flipkart app
Step 1: Download the app and login with your mobile number. Click on the home button

Step 2: Click the insurance tab and proceed further.

Step 3: You will be redirected to the new screen which shows types of insurance plan offered by various insurers. Here you may click on 2-wheeler or 4-wheeler as per your requirement and proceed further.

Step 4: After clicking on the type of insurance, you will be redirected to Bajaj Allianz portal for policy purchase. Enter the details and buy your digital motor insurance policy.

Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance said, "In addition to the mobile insurance that we offer on Flipkart, we are happy to take our partnership forward with them by offering motor insurance as well on their platform."

According to the release, currently, Flipkart is working with some of the leading insurance service providers in the industry for providing access to customised and simplified plans based on the dynamic needs of Indian consumers.

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