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Gung-ho on pay-as-you-use motor insurance policy? Think twice Digit Insurance, ICICI Lombard General Insurance, Edelweiss General Insurance, Bharti Axa General Insurance, TATA AIG General Insurance and Bajaj Allianz General Insurance, etc had received IRDA approval for pay-as-you-go policy under sandboxing According to Goyal, 30-40 per cent of private cars or two-wheeler insurance policies lapse in yearly renewals In lockdown when most of us worked from home and our cars did not hit roads, renewing motor insurance premium did not seem like a good idea. This is exactly when a couple of insurers launched the pay-as-you-go policy in which you pay premium based on kilometres you cover. While the policies did receive good interest from customers, Kamesh Goyal, Chairman, Digit Insurance is not gung-ho on such policies.

Bharti axaKamesh goyalTapan singhelBajaj allianzDigit insuranceGeneral insuranceEdelweiss general insuranceBharti axa general insuranceBajaj allianz general insuranceManaging directorBajaj allianz generalபாரதி அச்சுகமேஷ் கோயல்தபன் சிங்கெல்பஜாஜ் அலையன்ஸ்இலக்க காப்பீடு