Amazon Payhas forayed into insurance distribution business. The digital payment company has tied up with Acko General Insurance to offer two and four wheeler insurance policies.
The company claims that customers canpurchase motorinsurance in less than two minuteswith no paperwork. In addition, the company will offer additional benefits to Amazon Prime members through discounts.
The company will offer services like hassle-free claims with zero paperwork,one-hour pick-up, 3-day assured claim servicing and 1 year repair warranty - in select cities, as well as an option for instant cash settlementsfor low value claims.
Customers can buy auto Insurance from the Amazon Pay page. They can get a quote for their car or bike’s insurance in a few simple steps by providing basic details. Additionally, they can select from a list of add-onslikezero-depreciation, engine protection, and more. Customers canpay using Amazon Pay balance, UPIor any saved card and the policy will be in their email inbox in less than 2-minutes.
In a press release,Vikas Bansal, Director & Head of Financial Services Amazon Pay India said, “We are excited to launch an auto insurance product that is affordable, convenient, and provides a seamless claims experience”.
Varun Dua, CEO, Acko General Insurancesaid“Through this product we aim to deliver a superior consumer experience right from purchase to claims by making it more affordable, accessible and seamless.”