Amazon Pay, which permits on-line funds on and off Amazon.in has marked its foray within the insurance coverage area by providing two and four-wheeler insurance coverage insurance policies, in partnership with InsurTech firm, Acko Common Insurance coverage.
Clients can now buy insurance coverage in lower than two minutes with no paperwork.
The expertise of shopping for insurance coverage has been made simple by offering a easy and simple to know buy journey that facilitates prospects to purchase insurance coverage effortlessly in a couple of simple steps. That is coupled with companies like hassle-free claims with zero paperwork, one-hour pick-up, 3-day assured declare servicing and one-year restore guarantee in choose cities, in addition to an choice for fast cash settlements for low value claims.
Clients should buy auto Insurance coverage from the Amazon Pay web page or simply seek for it. They will get a quote for his or her automobile or bike’s insurance coverage in a couple of easy steps by offering primary particulars. Moreover, they’ll choose from a listing of add-ons like zero-depreciation, engine safety, and extra. Clients will pay utilizing Amazon Pay steadiness, UPI, or any saved card and the coverage will probably be of their electronic mail inbox in lower than two minutes. A replica of the coverage may also be downloaded.
Commenting on the launch, Vikas Bansal, director & head of Monetary Companies at Amazon Pay India, mentioned “Our vision is to make Amazon Pay the most, trusted, convenient and rewarding way to pay for our customers. Delighted by this experience, there has been a growing demand for more services. In line with this need, we are excited to launch an auto insurance product that is affordable, convenient, and provides a seamless claims experience”.
Varun Dua, CEO, Acko Common Insurance coverage, mentioned, “We aim to deliver a superior consumer experience right from purchase to claims by making it more affordable, accessible and seamless. This launch also marks an important milestone in our successful partnership with Amazon and we are excited about the journey ahead.”
Acko, an InsurTech firm, executes primarily by a digital platform with no offline hassles. Amazon is an investor in Acko.