Amid the growing outbreak of Corona virus, insurance companies have introduced new policies for their customers. Insurance companies have brought a pay as you drive policy for customers. In which customers have the facility to pay premium based on the car’s kilometers traveled. Let us know which companies are offering the facility and how much usage policy is for you. This is true for customers who have multiple vehicles and do not use every vehicle. But they have to pay a large premium amount. Also someone who relies on public transport or due to a medical problem probably uses their vehicles. They will be helped to cut down their auto insurance money.
Edelweiss SWITCH
Edelweiss General Insurance has brought an app based auto insurance policy. In which Edeliweiss is named SWITCH. In this unique insurance scheme, the owner of the vehicle can start and stop the policy whenever he wants.
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In this insurance is calculated based on the age and experience of the driver. The company said that customers can use the mobile app to turn their policy cover on and off. It will depend on whether they are driving that day or not. CEO of Edelweiss General Insurance Shanai Ghosh said that our company has made the new policy keeping the customer in mind. It provides savings and convenience to customers.
Ghosh said that after the initial premium payment of the policy, the balance can be made in monthly installments. He said that the cover of fire and theft in vehicles will be given even after the policy is off, as this incident can happen even if the vehicle does not run.
Tata AIG ‘Auto Safe’
At the same time, Tata AIG has also introduced the facility for its customers. The company has brought an AutoSafe device. This device is attached to the car and has to be kept throughout the policy period. The device records all information, such as the distance traveled and reports the policyholder’s vehicle condition and driving pattern. The chalk is awarded points based on the information gathered.
Tata AIG’s device also has a motion sensor support. Which also gives hard braking, night driving, acceleration monitoring and fuel saving reports. Customers will have the option to choose between 2,500 km, 5,000 km, 7500 km, 10 thousand km, 15 thousand km and 20 thousand km. In AutoSafe, the owner and driver will also get an accidental cover of Rs 15 lakh.
