PhonePe and Liberty General Insurance Partner to Offer Digital Auto Insurance
Liberty General Insurance recently announced that it has partnered with PhonePe to offer auto insurance in digital form. Through PhonePe, a digital payment application, Liberty General Insurance’s auto insurance policy aims to provide easy access to auto insurance coverage, especially for the digitally savvy generation. Auto insurance, or auto insurance, provides a person with the monetary coverage they need during an accident. While driving, especially if you are alone in an emergency, the right coverage is important. Auto insurance can be taken out for both four-wheelers and two-wheelers. It is mandatory for every customer to obtain insurance coverage when purchasing a car or bicycle.
PhonePe, which entered the insurance distribution business, has become one of the fastest growing digital distributors in India with the sale of over five lakh policies in five months. With Liberty General auto insurance, customers will be able to access a number of benefits digitally. Four-wheel insurance provides customers with hassle-free, cashless claims, seamless claims support, easy policy renewal techniques, seamless service and availability of additional protection.
Liberty General Insurance Ltd. is a joint venture between Liberty Citystate holdings PTE Ltd, a company of Liberty Mutual Insurance Group, a diversified global insurer with more than 900 offices around the world, headquartered in the United States, Enam Securities and Diamond Dealtrade. LGI started operations in 2013 with the aim of providing comprehensive commercial, commercial and industrial insurance solutions. The company has more than 1,100 employees and operates in more than 100 locations in 29 states and UT. Its network of partners consists of more than 5,100 hospitals and more than 4,300 automotive service centers. The company offers health and personal accident insurance, auto and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engineering insurance, marine insurance and various other insurance products in India.
Speaking on the development, Roopam Asthana, CEO and Permanent Director of Liberty General Insurance, said: “With this partnership, Liberty General Insurance strengthens its partnership with PhonePe to provide its customers with the best protection coverage in the digital age. today. Liberty General Insurance offers a full suite of insurance products that sets itself apart from the existing line of auto insurance products on the market. “
“We are delighted to partner with Liberty General Insurance to provide auto insurance products to our 32+ crore users. PhonePe users can choose from multiple auto insurance products on our platform and purchase seamlessly with just a few clicks. We are committed to making PhonePe a one-stop destination for all insurance needs and this partnership is another step in that direction, ”said Gunjan Ghai, Vice President and Head of Insurance at PhonePe.
PhonePe is India’s leading digital payment platform with over 325 million registered users. Using PhonePe, users can send and receive money, top up cell phones, DTH, data cards, pay in stores, make utility payments, buy gold, and make investments. The company entered financial services in 2017 with the launch of gold, providing users with a safe and convenient option to buy 24k gold securely on its platform. PhonePe has since launched several mutual funds and insurance products such as tax savings funds, cash funds, international travel insurance, life insurance and COVID-19 pandemic insurance, between others. PhonePe is also accepted at over 22 million outlets across India.