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HDFC ERGO General Insurance Company has launched the ‘Pay As You Drive – Kilometre Benefit’ add-on cover for all private car owners. With this, anyone driving less than 10,000 km in a year can get discount of up to 25% of their own damage premium subject to the odometer reading.
Even if customer decides not to renew her policy, she may claim the benefits in the form of cash back. Further, if no claim is made, customer can avail another 5% discount on annual premium.
In a press release, Parthanil Ghosh, President – Retail Business, HDFC ERGO General Insurance Company said, “During the policy period, we want our customers to enjoy their drive rather than tracking their usage and get bothered with some time intruding top-up reminders. Even if customers drive beyond a certain limit, they will not be penalized for it and they will stay covered under their private car insurance policy. In addition, at the expiry of the policy period, the customer subject to providing distance travelled, has the flexibility to claim the benefit irrespective of their decision to renew or not to renew their policy with us. In case the customer renews the policy with us, the company will provide an additional 5% discount, for all claim-free policies.”
The company feels that the ‘Pay As You Drive – Kilometre Benefit’ feature will help those insured customers who prefer not to drive as much or own multiple cars, some of which are used less frequently than others.
