₹15 lakh for the owner and driver.Unlike traditional auto insurance policy, the policyholders will be able to customise their premiums.
In a regular motor insurance policy, customer need to pay premium based on the car model. Here, they will have an option to choose premiums according to their driving habits.
It means, buyers have to pay premium as much as they drive their cars.How does it work?The AutoSafe device is linked to the car as the motor insurance policy becomes active and must be kept throughout the policy period.
The device records all information, tracks the distance traveled and generates reports about vehicle health or driving patterns of the policyholder.
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