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,
RenewBuy, an online platform for auto insurance, has raised Rs 3.3 crore ($500,000) in an angel round of funding led by Mount Nathan Advisors Pte Ltd, a Singapore-based principal investment and advisory firm.