Tagged: insurtech

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Bharti AXA launches pay as you drive motor cover

Bharti AXA General Insurance will now offer usage-based motor insurance policies for private car owners under IRDAI’s Sandbox project. For this the general insurer has tied up with insurance aggregator, PolicyBazaar.com. The usage-based motor insurance, also known as ‘pay as you drive’, allows policyholders to pay the premium depending on kilometers driven. How insurance premium…

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Breaking down the Insurtech in India

What is Insurtech? According to Investopedia, “Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model.” The belief driving Insurtech companies is that...