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Amazon launches Car and Bike insurance in India – Benefits for Prime members

Amazon India has partnered with Acko General Insurance Ltd. in order to provide this facility to their customers

Amazon Pay has gained popularity as a payment gateway for purchases on the e-commerce platform, and for other payments. Now, the tech biggie has entered a new domain in India with insurance policies for two and four wheelers. The development is in partnership with Acko General Insurance.

The easy buying guide makes the purchase process simple to understand, and can be completed in simple steps. Convenience is further accentuated with one hour pick up, hassle-free paperless documenting, 3-day assured claim servicing, and 1-year repair warranty in pre-identified cities.

Low value claims can be processed with the option of instant cash settlement. Amazon Prime members can avail of additional benefits. For now Prime users can already save up to Rs 999.

For the e-commerce leader, this is the first country where it’s offering such a service. Amazon Pay insurance policies can be purchased from the app itself, mobile website, or found through a general search. Upon furnishing basic details as requested, a quote can be availed.

Add ons include zero dep, engine protection, and others. Payment can be made via Amazon pay, UPI, or from a credit / debit card. Upon signing up, and process completion, the policy is sent to an email inbox almost instantaneously. A copy can also be downloaded from ‘Your Orders’.

Management Speak

Amazon Pay India Director and Head of Financial Services, Vikas Bansal said, “Our vision is to make Amazon Pay the most trusted, convenient and rewarding way to pay for our customers. Delighted by this experience, there has been a growing demand for more services. In line with this need, we are excited to launch an auto insurance product that is affordable, convenient, and provides a seamless claims experience.”

Varun Dua, CEO, Acko General Insurance said “We are happy to partner with Amazon Pay to offer an auto insurance proposition that has been designed with the customer at the centre. Through this product we aim to deliver a superior consumer experience right from purchase to claims by making it more affordable, accessible and seamless. This launch also marks an important milestone in our successful partnership with Amazon and we are excited about the journey ahead.”

Being a tech giant, it’s no surprise that Amazon is able to seamlessly integrate platforms, and prove itself to be a chosen payment gateway. In 2018, Amazon led a $12 million funding round in Acko.

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