Mobikwik Two-Wheeler Insurance | Insurance packages include add-ons such as Zero Depreciation, Personal Accident and 24X7 Road Assistance.
Fintech, a provider of mobile wallet and payment services, has launched two-wheeler insurance on its platform, MobiKwik. MobiQuick has partnered with insurance companies, including Cholamandal MS General Insurance Company Limited and SBI General Insurance, to increase their market share in two-wheeler insurance.
So customers can now insure their two wheelers through the Mobikwik App, following a few simple steps that are quick and easy. MobiQuick said in a statement that a customer can get insurance by entering the vehicle number without accessing his RC. Introduced on MobiKwik’s platform, this new feature allows customers to access third party and comprehensive two wheeler insurance plans.
Insurance packages include add-ons such as Zero Depreciation, Personal Accident and 24X7 Road Assistance. Speaking on the merger, Preet Singh, co-founder of The MobiKwik, said, “This partnership strengthens our vision of becoming one place for all financial needs in India. Chola MS General Insurance Company MD Suryanarayanan said, “Our endeavor will be to cater to the brand’s largest organic digital user platform.
Meanwhile, according to the Insurance Regulatory and Development Authority of India (IRDAI), the total number of two-wheelers on the road in the financial year 2018-19 was 17.59 crore. The total number of policies for two-wheelers during the same financial year was 5.9 crore.
How much does it cost?
The premium on two-wheeler insurance depends on the type of vehicle, year of registration of the vehicle, product and model, place of registration, vehicle parts, modifications and mileage. These factors play a role in determining the premium amount.
Example .. Model: Honda Activa, Year of registration: 2020, Place of registration: Delhi and NCB: 0% with premium of Rs. 413
What is the coverage under the Two Wheeler Insurance Policy?
Comprehensive two-wheeler insurance insures you financially, protects the two-wheeler from damage such as robbery, theft, riots & strikes, fires, road accidents and natural disasters, and covers third party losses. Apart from that the policy covers additional benefits like Zero Depreciation and 24X7 Road Assistance.
Additional Features of MobiKwik Two Wheeler Insurance Policy ..
Mobikwik offers an instant policy with Zero Paperwork. Users can insure their two wheeler within 2 minutes and renew the previous policy without any inspection. Besides, users can avail up to 50% no-claim bonus offers.