Drive smart insurance based on driving habits

1
Drive Smart Insurance
2
Drive Smart Insurance based on driving
habits   Bajaj Allianz has launched a new car
insurance program named Drive Smart Insurance,
which will decide the price of insurance renewal
premium based on your driving habits. The company
will be making use of telematics (long-distance
transmission of information) to source data about
your driving behavior.
3
Under the current system, insurance is priced
based on four factors make, model, location,
and year of manufacture. However, Bajaj Allianz
now aims to take into account the manner in which
a vehicle is driven, in order to price the
insurance depending on the risk factor. Through
this new way of pricing insurance policies, they
hope to incentivize good drivers.
4
Every customer who opts for the Drive Smart
Insurance package will be given a device that
plugs into the car's OBD (On-Board Diagnostics)
port. Since the device works on OBD II ports, it
will be compatible with every car manufactured
after 2010. This OBD device then connects the car
to the owner's smartphone. This will not only
help the company to study the driving
characteristics of the car during insurance
renewal, but will also provide real-time data to
the car's owner. The OBD device will detect
sudden accelerations, harsh braking, or any major
impact, and will alert the owner through the
smartphone app.
5
Additionally, customers will even have an option
to request roadside assistance through the app,
in case of an accident. The app has various other
features like a digital wallet, geo-fencing and
vehicle tracking. The company is also planning to
bring out a 'pay as you go' insurance plan that
will price insurance renewal depending on how
frequently a car is driven. This will help those
who rarely drive their car, but need to pay the
full insurance amount under the current renewal
method.
6
The policy is currently available only for cars.
Drive Smart Insurance claims that customers can
save up to 30 on the insurance premium at the
time of renewal, based on their good driving
habits. Sourcehttps//www.team-bhp.com/news/baja
j-allianz-drive-smart-insurance-based-driving-habi
ts
7
Follow Us On
https//www.facebook.com/BajajAllianz
http//www.linkedin.com/company/653474
https//plus.google.com/BajajAllianzGIC/posts
https//twitter.com/BajajAllianz
https//www.youtube.com/user/BajajAllianzGIC
https//instagram.com/bajajallianzgeneral/
8
Click to know more onDrive Smart Insurance

• https//www.bajajallianz.com/Corp/motor-insurance/
  drivesmart.jsp