1. Honda Motor, HDFC ERGO tie up for 2-wheeler insurance

Honda Motor, HDFC ERGO tie up for 2-wheeler insurance

Honda Motorcycle & Scooter India (HMSIL) and HDFC ERGO General Insurance today joined hands to offer discounted motor insurance policies to two-wheeler buyers across the country.

By: | New Delhi | Updated: September 7, 2016 6:12 PM
The tie-up comes ahead of the festival season that begins in October as both the companies want to leverage on the high demand around this time of the year. (Source: Reuters)

Honda Motorcycle & Scooter India (HMSIL) and HDFC ERGO General Insurance today joined hands to offer discounted motor insurance policies to two-wheeler buyers across the country.

The tie-up comes ahead of the festival season that begins in October as both the companies want to leverage on the high demand around this time of the year.

“Our partnership with HDFC ERGO General Insurance Company will give our valued customers more convenience. They will get 40 per cent saving on insurance premium (own-damage) and near-cashless claim settlement with the convenient digital interface,” Yadvinder Singh Guleria, Senior VP, Sales & Marketing, HMSIL said while unveiling the plan here.

The policy will offer near cashless repairs at over 4,650 Honda two-wheeler network outlets across India.

Customers will get benefit of unlimited claim settlement in insured period with optional zero depreciation benefit.

Also, it has a fully digital interface for all claim settlements across India with a fast turn-around time of three days and easy monitoring of claim settlement status on app.

“Through this alliance, Honda customers will get a robust online insurance support with instant policy issuance, backed with best in class services offered,” said HDFC ERGO General Insurance Managing Director & CEO Ritesh Kumar.

Kumar said HDFC ERGO also offers long-term two-wheeler insurance cover for up to two to three years.

HDFC ERGO also provides robust online insurance support with instant policy issuance, which can also be monitored online or on mobile app.

HMSIL, a 100 per cent subsidiary of Honda Motor Company, Japan, is India’s second largest two-wheeler company. HDFC ERGO General Insurance is a joint venture between HDFC Ltd and Munich (Germany) based ERGO International AG.

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