[Aditya]

Paytm Insurance Broking Private Ltd. (PIBPL), a wholly-owned subsidiary of Paytm, has introduced car and bike insurance offerings. The company’s vehicle insurance plans are being offered in partnership with 14 insurance companies.

The platform provides services to help vehicle owners to avail insurance without uploading any documents before purchasing the policy. Payments for these insurance products can be done through Paytm Wallet, Paytm Postpaid, Paytm UPI, net banking, debit & credit card. PIBPL also offers discounts on own damage cover of up to 80% on select vehicles.



PIBPL provides options to buy Comprehensive, Third-Party only and Own Damage only policies through a completely digital process. Along with the same, the company also offers 14 add-on options for cars and 6 add-on options for two-wheelers including zero depreciation, invoice cover, roadside assistance & engine protect on the platform.

The company also provides claim support and post-policy purchase services to its customers through a dedicated service team.



Motor insurance products are available on the Paytm App (Android & iOS), Paytm website & mobile website as well as on Paytm Insurance. Paytm claims that the entire process takes 2 minutes and policies are issued instantly.

Link to Team-BHP News Article

[SmartCat]

Looks like PayTM wants to offer "everything" to their customers. Soon we might actually be able to buy a kitchen sink using PayTM app.

Meanwhile, they closed FY21 with Rs. 3,168 cr revenues and Rs. 2,942 cr losses

VC/Private Equity investors were probably disappointed that losses were lower than revenues (usually, bigger the losses higher the valuation). For now, the investors seem to be settling for a valuation of "just" $30 billion for their upcoming IPO.
https://www.livemint.com/companies/n...886720413.html

[superbad]

If Paytm can provide me decent cashbacks on insurance purchase & renewal, I just might go for it. Of course, assuming all the necessary add ons are available.