Driving without insurance is a big issue with two-wheeler, not merely because they usually have small-ticket policies. Can multi-year policies improve the situation?

RenewBuy, a web-based motor insurance platform today announced the launch of multi-year two-wheeler insurance plan in partnership with HDFC Ergo. This specially designed insurance policy covers the 2-wheeler owners against potential risks of theft, accidental damage, third party liability and others from one to three years period through a single policy document and provides host of benefits including no inspection even in case of lapsed policy.

RenewBuy, one of the fastest growing web-based motor insurance platforms in India, announced the launch of a multi-year two-wheeler comprehensive insurance plan in partnership with India’s leading motor insurer HDFC ERGO.

RenewBuy, a web-based motor insurance platform today announced the launch of multi-year two-wheeler insurance plan in partnership with HDFC Ergo.

RenewBuy, a web-based motor insurance platform in India today announced the launch of multi-year two-wheeler comprehensive insurance plan in partnership with India’s leading motor insurer HDFC ERGO.

RenewBuy,HDFC ERGO launch multi-year 2-wheeeler insurance plan * RenewBuy, a web-based motor insurance platform, in partnership with a private sector non-life insurer HDFC ERGO today launched a two-wheeler insurance plan.

This specially designed, unique insurance policy covers the two-wheeler owners against potential risks of theft, accidental damage, third party liability and others from one to three years' period through a single policy document, RenewBuy said in a statement.

About 80% two-wheelers and 25% of cars are uninsured despite it being mandatory. This happens mainly due to lack of reach and distributor interest in pursuing small-ticket premiums

Web based motor insurance platform RenewBuy plans to raise USD 1.5 million in its next round of funding to finance its future growth.

Renewbuy, an online motor insurance platform, seeks to usher in a new era in the Indian motor insurance segment and in the process, change the way motor insurance is bought in the country, sold and serviced by leveraging technology and becoming an enabler by streamlining and digitizing the motor insurance category, an initiative that was unheard off until recently. This startup platform is backed by proprietary technology that maps both car and bike models and instantly seeks the lowest available quotes from multiple insurers allowing consumers to save up to 60% on their automobile premiums.