Categories: Business

India’s first mobile telematics-based auto insurance introduced by Edelweiss

In accordance with the Insurance Regulatory and Development Authority’s (Irdai) Sandbox programme, Edelweiss General Insurance has introduced SWITCH, a comprehensive motor insurance product. The motor insurance policy SWITCH is entirely digital and telematics-based. Customers will find the app convenient and hassle-free because it immediately activates insurance when the car is driven and senses motion, according to a statement from the insurer.

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Customers of SWITCH can save money if they drive safely. This usage-based model assesses the quantity and quality of driving and determines premiums in accordance with those findings.
Customers receive a driving grade based on a number of factors, including speeding, distracted driving, and stopping suddenly, among others.
You may purchase SWITCH online. Customers can download the SWITCH app from the Google Play Store and the iOS App Store after making a purchase to view their policy.
From the point of purchase through claim notification, claim settlement, customer support, etc., the entire product lifecycle is digitised, resulting in a seamless customer experience.
After the initial premium is paid to start the insurance, consumers may additionally pay premiums in monthly instalments. The car will be covered against fire and theft around-the-clock, 365 days a year, even though the policy covers unintentional damage while in motion and turned on.
As with a standard Edelweiss motor insurance policy, customers can choose from a variety of add-on covers, including depreciation protect, engine protect, NCB protect, roadside assistance, and more, according to the company.

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