Amazon Pay on Thursday mentioned it has tied up with Acko Common Insurance coverage Ltd to supply two- and four-wheeler insurance coverage insurance policies in India.
Amazon Pay, which is the funds unit of Amazon India, will assist clients buy insurance coverage effortlessly, and Amazon Prime members will get additional advantages together with extra reductions, an announcement mentioned.
Prospects should buy auto insurance coverage from Amazon Pay web page, Amazon app or cell web site they usually can get a quote for his or her automotive or bike’s insurance coverage by offering fundamental particulars, it mentioned.
On this fast paperless insurance coverage plan, clients can get hassle-free claims with zero paperwork, one-hour pick-up, and three-day assured declare servicing and one-year restore guarantee in choose cities.
Policyholers will even have an possibility for immediate cash settlements for low-value claims, making it useful for purchasers.
Moreover, clients can choose from an inventory of add-ons like zero-depreciation and engine safety and they’re going to be capable to pay for the insurance coverage utilizing Amazon Pay steadiness, UPI, or playing cards, the assertion mentioned.
“Our imaginative and prescient is to make Amazon Pay essentially the most trusted, handy and rewarding option to pay for our clients. Delighted by this expertise, there was a rising demand for extra providers. According to this want, we’re excited to launch an auto insurance coverage product that’s inexpensive, handy, and offers a seamless claims expertise,” Amazon Pay India Director and Head of Monetary Companies Vikas Bansal mentioned.
Varun Dua, CEO of Acko Common Insurance coverage, mentioned the corporate goals to ship a superior shopper expertise proper from buy to claims by making it extra inexpensive, accessible and seamless via the partnership.
Acko, which has raised funding from Amazon, Accel, SAIF and Binny Bansal, has catered to over 55 million distinctive clients over the past 24 months.
