ICICI Lombard offers car insurance based on driving manners

ICICI Lombard is offering motor insurance plans where premium is charged depending on kilometers covered and driving behaviour.

ICICI Lombard has introduced a motor insurance policy where the premium is charged depending on usage and driving manners.

The 'pay-as-you-use' and 'pay-how-you-use' plans use telematics to monitor your driving behaviour. The ‘kilometer plans’ charge customers depending on usage. The company claims that this would encourage drivers to drive their vehicles sensibly.

ICICI Lombard has also launched a Motor Floater policy that enables users to insure multiple vehicles under one policy with a comprehensive cover and a single renewal date.

Source: ET Auto