Customers can complete the entire process within five minutes using video pre-inspection and get the policy in less than 30 minutes.

Pay-as-you-drive policies allow buyers to set a mileage limit for their car and offer them discounts over the normal premium. The lower the limit, the bigger the discount over the normal premium. The insurance is valid only up to the limit chosen by the buyer. One insurance company offers three slabs of 7,500 km, 5,000 km and 2,500 km.

“As a step towards facilitating technology-enabled covers, Irdai has permitted general insurance companies to introduce tech-enabled concepts for the motor own damage (OD) cover,” the Insurance Regulatory and Development Authority of India (Irdai) said in a statement.

Car Insurance is must this monsoon for you to avoid any financial damage due to unexpected circumstances