11.8 C
New York
Tuesday, December 1, 2020
Home STARTUPS MobiKwik Adds Insurance to its Portfolio of Digital Financial Offerings

MobiKwik Adds Insurance to its Portfolio of Digital Financial Offerings

MobiKwik, the Gurgaon-based digital payments startup has revealed that it has launched digital insurance on its platform. This step has been taken to strengthen its financial services while catering to a wider range of users.

With the launch of digital insurance, users will be able to buy insurance cover of Rs. 1 lakh for as low as Rs. 20 for a period of one year. By leveraging advanced data analytics and artificial algorithm, MobiKwik will suggest the most suitable insurance products to its customers, on the basis of their profiles and needs.

As of now, the company has rolled out accidental insurance for its users in the first phase. But, at a later point in time, a wide range of General insurance and life insurance products will be made available for consumers.

MobiKwik provides a hassle-free two steps procedure for buying insurance with the help of its app and website. All these are going to be completely instant and paperless.

Talking about their products, Upasana Taku, Co-Founder, and Director, MobiKwik, said, “Our differentiated product offering will be bundled in the customer journey. We understand that complexity of the product, high premiums and standardized products irrespective of customer profile or needs are key deterrents to the adoption of insurance, and hence, we will be co-creating products that offer high-value coverage at the low premium.”

With the latest offering, MobiKwik is planning to reach out to 150 Million customers across its platform and also to sell 1.5 Million policies by the end of this fiscal year.

Source: Techstory

To Read Our Daily News Updates, Please Visit Inventiva Or Subscribe Our Newsletter & Push.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

On the Auspicious Occasion of Guru Nanak Jayanti, nCORE Games Have Started The Pre-Registrations Of “FAU-G”: Fearless And United Guards!

As PUBG Mobile hopes to make a comeback in India, its alternatives have appeared on the Google Play store. On Monday, on the auspicious...

Google Pay ends support for old apps, adds transfer fee in the United States.

Google pay will end the installment includes its web variant and old versatile application in Android and iOS toward the beginning of January. It...

Ease of doing business in India: Myths and realities

The World Bank delivered its yearly simplicity of working together report a couple of months back. The report named "Working together 2020: Comparing Business...

Google Pay to charge fees on money transfers, but here’s why users in India shouldn’t worry!

Tech giant Google as of late, delivered another update for its installments administration application Google Pay in the United States. It presented paid advancements...

Recent Comments

%d bloggers like this: