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Bajaj General Insurance launches ProShield, VPAY 2.0 motor insurance offerings

Bajaj General Insurance launches ProShield, VPAY 2.0 motor insurance offerings
Bajaj General Insurance strengthens its Motor Insurance Portfolio with the Launch of ProShield for Defence Personnel and the Enhanced VPAY 2.0 · theprint.in

An insurance company in India called Bajaj General Insurance has made two new car insurance products.

One product is called ProShield, and it is specially made for people in the defence forces, like soldiers.

Soldiers often move to new places, so ProShield helps protect their cars when they travel between postings.

It also helps if they lose important car papers, like their driving licence, and covers things like missed flights if there is an accident on the way to the airport.

The other product is called VPAY 2.0, and it is for modern cars that are connected to the internet and have lots of technology.

It protects against new risks, like cyber attacks on cars, and even helps fix batteries in electric and hybrid vehicles.

Customers can pick from three versions: Prime, Classic, and Elite.

The company's leader, Dr. Tapan Singhel, said cars and the way people move around are changing.

So the company wants to make insurance that fits how people travel today.

Key facts

Company
Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited)
Products launched
ProShield and VPAY 2.0
Announced
August 13, Pune (Maharashtra), India
ProShield target customers
Defence personnel
VPAY 2.0 variants
Prime, Classic, Elite
Garage network
More than 7,300 garages
MD & CEO
Dr. Tapan Singhel
Credit rating
[ICRA]AAA rating from ICRA Limited

Quotes

Dr. Tapan Singhel

MD & CEO of Bajaj General Insurance

“"Motor insurance has traditionally been centred around protecting the vehicle after an accident. Today, mobility is far more dynamic. Vehicles are becoming increasingly connected and technology driven, while different customer segments have distinct requirements that extend well beyond conventional motor insurance."”
theprint.in

Sources

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