What really? 🥹
Recently two Insurance companies Kotak and Edelweiss have started providing the Switch On/Off pay as you go add on Cover in their Insurance.
✅ This is designed for people who use their car less frequently
By purchasing this Insurance add-on you can save significantly on own damages premium in the form of refund on premium 💪🏻
🎁 When you are not using your car you can simply Switch off your insurance. For every continuous 24 hour period your Insurance cover is off, you’ll earn 1 reward point
✔️ The Pay as you drive is a cover that offers discount on total kilometres covered which is less than 15,000 kms in a year.
✔️ The benefits of this plan can only be availed if the policyholder uploads a video of their car before their current motor insurance policy expires.
✔️ A policyholder can save upto 10% on own damage car insurance premium.
✔️ This type of Insurance add-on cover is good for those who drive their car less.
In case you exhaust the limit of 15,000 Kms you will not be charged extra. Rather the amount will be recovered from you during claim settlement in the form of co-payment
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