HDFC ERGO General Insurance Company, a main private area general insurance agency, declared the launch of its ‘Pay as you Drive’ program. It is an insurance solution which offers distance-based insurance to reduce upfront costs of premium. ‘Pay as you drive’ offers distance-based insurance under the own damage section to lessen the upfront insurance charges.
This policy will be most ideal for those clients who liker to drive less or have multiple cars with some of those driven less than the others. This program, under the regulatory sandbox, is applicable for 10,000 policies or Rs 50 lakh of premium whichever happens prior and is being offered solely y through Maruti Suzuki Insurance Broking Private Limited.
Source-