Paytm To Offer Private Car And Bike Insurance On Its Platform

Digital financial services platform Paytm via its subsidiary Paytm Insurance Broking Private Ltd, (PIBPL) introduces car and bike insurance offerings in partnership with 14 top insurers.

The platform aims to offer seamless services to help vehicle owners to avail of insurance without uploading any documents before purchasing the policy. They also don’t have to worry about being bothered by telecallers pushing them to buy insurance. Payments for these insurance products can be done through Paytm Wallet, Paytm Postpaid, Paytm UPI, net banking, debit & credit card. PIBPL also offers discounts on own damage cover of up to 80% on select vehicles.

PIBPL offers options to buy Comprehensive, Third-Party only, Own Damage only policies in a completely digital process. Along with the same, the company also offers 14 add-on options for cars and 6 add-on options for two-wheelers including zero depreciation, invoice cover, roadside assistance & engine protection available on the platform.

The company also provides claim support and post-policy purchase services to its customers through a dedicated service team so that users have a hassle-free experience. Motor insurance products are available on Paytm App (Android & iOS), Paytm website & mobile website as well as on www.paytminsurance.co.in

Paytm Insurance Broking Limited spokesperson said, "Insurance continues to be an underserved segment in India. Paytm hopes to change that by making accessibility and affordability a priority. We are focused on making the whole process of buying and renewing both car and bike insurance simple, seamless and completely digital. The journey takes  2 minutes and the policies are issued instantly. In order to provide the best experience to the customer, we have deliberately chosen not to have telecallers pushing them."