COCO by DHFL Basic Insurance coverage rolls out ‘COCODrive’

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ANI |
Up to date:
Nov 06, 2018 11:26 IST

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Mumbai [India], Nov 6 (ANI-BusinessWireIndia): Celebrating India‘s various inhabitants and its wants, COCO by DHFL Basic Insurance coverage has introduced the launch of a really customizable on-line complete automobile insurance coverage coverage – COCODrive.
The primary totally a la carte product – COCODrive – presents clients a slew of 19 add-ons to select from to go well with their particular wants. With add-ons starting from the ever common ‘Zero Dep Cowl‘ and ‘new automobile for previous automobile’ to ‘key and lock substitute’ and NCB Safe, clients can now select add-ons which are related for his or her particular person motoring wants.
COCODrive presents many non-standard add-ons similar to enhanced proprietor, occupant and paid driver private accident cowl, making COCODrive the one product out there to supply an enhanced private accident cowl that may go as much as Rs. 35 lakhs.
Prospects may also select from a wide range of add-ons together with ‘EMI Protector’ and ‘Excellent Mortgage Protector’ for automobiles on mortgage, which is able to assist in automobile financing in case of any accidents through the mortgage interval. Along with offering protection throughout India, the geographical extension of protection for COCODrive consists of neighboring international locations similar to Nepal, Bhutan, Pakistan, Bangladesh, Sri Lanka and the Maldives.
With using AI (Synthetic Intelligence) and Machine Studying through the on-line buy strategy of COCODrive, hyper-localized and customised ideas to guests will assist them select the appropriate add-ons appropriate for them. For instance, guests from Mumbai shall be proven the Engine Protector add-on, as in comparison with a customer from Jaipur, since Mumbai is extra vulnerable to flooding and thus face ingress of water within the engine.
“With the ever-rising variety of automobiles plying on the roads as we speak, coupled with the rise in accidents on the roads, proudly owning a motor insurance coverage has grow to be extra of an crucial for each automobile proprietor within the nation moderately than an choice to think about. A strong mixture of expertise, analytics and Large Information instruments have enabled the creation of the nation’s first decide and pay motor coverage – COCODrive – providing customers a large alternative of add-on covers, moderately than having to purchase a bundled product with options he/she wouldn’t want. COCODrive ensures that clients have the appropriate safety for themselves, their occupants and naturally their cherished automobile towards big losses and authorized liabilities, if the unexpected ever happens,” mentioned Vijay Sinha, MD and CEO, DHFL Basic Insurance coverage. (ANI-BusinessWireIndia)

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