The Hindu Business Line : Optima online service to insure two-wheelers

The company has, in the pilot phase, rolled out the service at a grocery store — LM 365, Mayur Vihar, New Delhi. It plans to extend the service across the grocery store chain (comprising 75 stores in Delhi) in a phased manner.

Explaining the need for introducing such a service, Mr Rahul Aggarwal, CEO, Optima Insurance Brokers and click2insure.in, said “agents’ commission tends to dip with the slip in the value of the policy. There is not enough money to motivate them to chase a renewal. Insurers too have a thin margin on two-wheeler insurance and so, do not send reminders. The site, therefore, would provide an opportunity for two-wheeler owners to get their vehicles insured conveniently.”

Preventing break in policy

He further pointed out that a break in insurance policy compounded the problem. “With the introduction of this service, a representative from click2insure will be present in LM 365 store to help the vehicle owners avail the cover by registering their policy on the spot,” Mr Aggarwal said, adding there was good response to the service.

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