BENGALURU: E-commerce main Flipkart on Monday introduced a partnership with Aegon Life Insurance coverage to promote insurance policies on its platform, thereby getting into into the fintech phase.
The life insurance coverage insurance policies on Flipkart have assorted choices, with sum assured starting from Rs 1 lakh to Rs 10 lakh and premiums ranging from Rs 129 for Rs 1 lakh sum insured. The insurance policies might be accessible to exist prospects of Flipkart between the ages of 18 and 65, the e-tailer mentioned.
Flipkart mentioned that it goals to leverage its deep presence in India’s metros and non-metro cities for offering the life insurance coverage services to the inhabitants there by know-how.
“As a homegrown firm, Flipkart’s core has at all times been constructing merchandise for Indian client wants. We’re dedicated to creating options that can assist bridge the hole between India and Bharat, and we’re assured that the easy-access insurance coverage coverage might be one of many catalysts to energy this transition.
With this product, we wish to make progressive and reliable monetary merchandise accessible on the buyer’s fingertips and supply them a hassle-free expertise,” mentioned Ranjith Boyanapalli, head, fintech and funds group, Flipkart.
“In an effort to obtain this objective, we stay up for a fruitful partnership with Aegon Life, who’ve an identical strategic mind-set of customer-first values coupled with being one of many few online-focused innovation firms, making them the most effective match for this partnership,” Boyanapalli additional mentioned.