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May, 21 2019

MobiKwik to Launch Insurance Products for Household Goods

MobiKwik partners with ICICI Lombard for implementing this instant policy which requires no paperwork and inspection.

A famous and renowned name in the fintech industry, MobiKwik hs launched an insurance product to secure household products and goods. MobiKwik will be securing the contents of one’s home through its new services, safeguarding them from mishaps.

MobiKwik partners with ICICI Lombard for implementing this instant policy which requires no paperwork and inspection. The policy is being offered to the needy within 10 seconds at a premium pricing of Rs 25 per month for a sum assured of Rs 2 lakh.

MobiKwik’s new policy covers the entire home contents regardless of being an owned or rented property.

Upasana Taku, Co-Founder, MobiKwik says, “MobiKwik has pioneered sachet-size microinsurance in India by curating combination products at affordable prices and making them accessible to millions of Indians. The launch of the Home Insurance product is in sync with this strategy. The insurance journey is 2-clicks, fully digital, self-serve with the policy getting issued instantly on the MobiKwik app.”

Bikram Bir Singh, Insurance - business head MobiKwik, further added, “By putting users at the center, and by leveraging data science and technology, MobiKwik intends to bring insurance products that provide comfort and functionality to users. We work with insurance partners to deliver customized products for different segments of users. This home insurance product was launched in partnership with ICICI Lombard and the company has already sold 1500 policies.”

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