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Bajaj Finserv’s arm launches two new motor insurance offerings

18 Dec 2024 Evaluate

Bajaj Finserv’s insurance subsidiary -- Bajaj Allianz General Insurance Company has launched two innovative motor insurance add-on covers: Eco Assure-Repair Protection and Named Driver Cover. These offerings are first-of-its-kind in the insurance industry, designed to enhance customer convenience, promote sustainability, and provide comprehensive and personalized coverage.

Eco Assure-Repair Protection is the industry's first initiative designed to redefine car insurance by prioritizing environmental sustainability and customer-centric benefits, making a significant step towards a greener future. It offers a comprehensive suite of features that not only ensures safety and convenience but also provides hassle-free solutions to policyholders.

The ‘Named Driver’ add-on cover is designed to benefit individuals who own one or multiple cars and whose vehicle(s) are often driven by specific people only. This industry-first offering brings a new level of flexibility and protection, allowing policyholder to secure own-damage coverage on a named driver basis. The named driver is designed to promote safe and responsible driving while offering tailored insurance benefits. With this unique add-on, the policyholder's vehicle is protected when driven by the owner, a chauffeur, or any other declared named driver.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.


Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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