Edelweiss General Insurance launches comprehensive car insurance based on mobile telematics

NEW DELHI: Edelweiss General Insurance has launched SWITCH, a comprehensive car insurance product under the Sandbox initiative of the Insurance Regulatory and Development Authority (Irdai).

SWITCH is an all-digital, mobile telematics-based automotive police. The app detects movement and automatically activates insurance when the vehicle is driven, making it convenient and hassle-free for customers, the insurer said in a statement.

What makes SWITCH truly unique is that it saves customers money if they drive well. This usage-based model measures not only the quantity but also the quality of driving and calculates the premium accordingly. Customers receive a driving score based on several parameters such as overspeeding, distracted driving, hard braking, among others.

“SWITCH was designed with the changing driving preferences of today’s discerning customers in mind. Our attempt is to encourage good behavior and ensure that customers pay only as they are used. It’s the only on-demand automotive product in the country that puts total control in the hands of customers. Only pay for how much you drive and how hard you drive. “Drive less, pay less; Drive better, pay less” is SWITCH’s raison d’être. With this, we also hope to encourage people to drive better and safer,” said Shanai Ghosh, Executive Director and CEO of Edelweiss General Insurance.

SWITCH can be purchased online. After purchase, customers can download the SWITCH app from Google Play Store and iOS App Store to view their policy. The entire product lifecycle is digital, from purchase to claim notification, claim settlement, customer service, and more, providing a seamless customer experience.

The policy also allows customers to pay premiums in monthly installments after paying the initial premium to activate the policy. While the policy covers accidental damage in motion and on, the vehicle will be covered 24/7/365 against fire and theft. Customers can also opt for and benefit from several additional coverages such as depreciation protection, engine protection, NCB protection, roadside assistance and more, such as those offered with a regular Edelweiss car insurance policy. , the company said.

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