Edelwise general insurance has launched  a driver-based  policy that covers multiple drivers and multiple vehicles under a single policy and that too on pay-as-you-use model that allows the customer to pay premium only on the days they use the vehicle.

The “Pay as you use” model is expected to bring in a change in the standard of determining Motor Insurance premium, as usage and driving experience would also be taken into account henceforth.

A driver-based insurance is like a floater policy that covers multiple drivers and multiple vehicles under a single policy and that too on pay-as-you-use model.

This  is an innovative app-based Motor OD floater policy which not only allows vehicle owners to switch their motor insurance ON and OFF based on usage, but also covers multiple vehicles under a single policy.

it offers significant cost savings and convenience to customers, as they may pay the premium only on the days they use the vehicle as per the pay-as-you-use model of Edelweiss SWITCH.

Although, accidental damage claim may be admitted under the policy only when it is switched on,

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