Tata AIG launches AutoSafe app for usage-based insurance

TATA AIG has launched a telematics-based application called AutoSafe for usage based insurance.

According to the company, the AutoSafe mobile app comes with a telematics device that is fitted to the car throughout the policy period. It also works as an anti-theft device as it has a GPS-based tracking facility.

The device has a motion sensor and generates fuel-saving reports. It also monitors hard braking, acceleration and night time driving. It tracks distance traveled by the vehicle, live speed and other driving parameters. Depending on the driving pattern, the app offers bonus kilometers for good driving behaviour.

The AutoSafe app is available on all policies offering personal accident cover of up to Rs. 15 lakh for owner and driver.

Policy holders can choose between 2,500 km, 5,000 km, 7500 km, 10,000 km, 15,000 km and 20,000 km. Beyond that, customers also get an option to top-up kilometres if they have exhausted their kilometres within the policy period. They can choose between 500 km, 1000 km and 1500 km.

Tata AIG's usage based insurance policy includes depreciation reimbursement, daily allowance and no claim bonus protection cover.