Edelweiss General Insurance signs exclusive partnership with Okinawa Autotech for E-bike insurance
News Desk, News Nation 360: India’s first cloud-native and one of the fastest-growing insurers Edelweiss General Insurance (EGI) has entered into an exclusive partnership with India’s largest Electric Two-wheeler manufacturer with over 40% market share Okinawa Autotech Pvt Ltd. The partnership will help EGI provide customised solutions to customers of Okinawa across the country. Customers can now avail of a comprehensive insurance policy and will have the option to choose from multiple add-ons to suit their individual coverage requirements. The partnership is in sync with EGI's philosophy to invest in future technologies, support the adoption of electric 2-wheelers in India and contribute towards sustainable growth. EGI’s policy for 2-wheeler EVs covers the vehicle end to end, including the battery, which is a major component of any EV and takes up over 30% of the vehicle cost. EGI is also introducing covers to protect damage to chargers/ cables that are not a part of the vehicle and are used for charging at home etc. Shanai Ghosh, ED & CEO, Edelweiss General Insurance, told they are happy to partner with the market leader in electric 2-wheelers. This partnership reflects its strategic focus on the electric vehicle market in the country. They believe the progressive transition to electric vehicles is integral to India’s journey towards eco-friendly transportation and as a new digital insurer, they are excited to be part of this emerging technology-driven mobility ecosystem. Apart from support from the government, customers are also becoming increasingly environmentally conscious and therefore interest in the EV segment is on the rise. This mindset shift will bring about a dramatic change in the industry. Their aim is to support this transformation while keeping the customer requirement and expectations at the fore. Jeetender Sharma, MD and Founder, Okinawa Autotech, told they are glad to partner with Edelweiss, a new-age digital Insurer which shares their conviction about the EV market potential in the country. This partnership is a step ahead in strengthening their commitment in providing continued support to their customers. Edelweiss will provide their customers with a digitally enabled platform and an ecosystem that offers need based and data-driven solutions. They look forward to a successful partnership that creates immense business values for both parties.
Report : Anustup Kundu