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Amazon Pay partnered with Acko General Insurance Ltd to offer auto insurance in India

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Amazon joins hands with Acko to offer auto insurance in IndiaAmazon Pay, the payments arm of Amazon India has partnered with Acko General Insurance Ltd to offer auto insurance for two and four-wheelers in India, a 100% paperless insurance plan. Customers can avail this auto insurance from Amazon Pay page, Amazon app or mobile website and can get a quote for their car or bike’s insurance by providing basic details.

About auto insurance

Quick Paperless insurance plan– The customers can get claims with one-hour pick-up, three-day assured claim servicing, and one-year repair warranty in select cities. It can be bought within 2 minutes.

Instant cash settlements– The policyholders will have an option for instant cash settlements for low-value claims

Select from a list of add-ons– The customers can select from a list of add-ons like zero-depreciation and engine protection.

Additional benefit for amazon prime members– Amazon Prime members will get extra benefits, including additional discounts on premiums on its insurance category.

Payment of insurance– The customers can pay for the insurance using Amazon Pay balance, UPI, or any saved card. A copy of the policy can also be downloaded from customers’ Orders page.

Key Info– Amazon partnered with digital lending startup Capital Float and Karur Vysya Bank and launched its instant credit line service, ‘Amazon Pay Later’ in the end of April 2020 

Note– Amazon India announced that it has added 10 new warehouses, and expanded seven existing buildings.

Recent Related News:

i.Flipkart ties up with Bajaj Allianz General Insurance for digital motor insurance policy

ii.Edelweiss General Insurance launched ‘Edelweiss SWITCH’, an app-based motor insurance own damage (OD) floater policy under IRDAI’s sandbox regulations.

About Amazon:
Headquarters– Washington, United States
Founder & CEO– Jeff Bezos

About Acko General Insurance Ltd
Headquarters– Mumbai, Maharashtra
MD & CEO– Varun Dua