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,