Edelweiss General Insurance signs exclusive partnership with Okinawa Autotech for E-bike insurance

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Edelweiss General Insurance, India’s first cloud-native and one of the fastest growing insurers, has entered into an exclusive partnership with Okinawa Autotech Pvt Ltd, India’s largest Electric Two-wheeler manufacturer with over 40% market share. Edelweiss General Insurance will leverage Okinawa’s vast dealership network (over 350 dealerships currently) across India, to offer customers simple, end to end, digital driven solutions, aimed at ensuring superior customer experience.

The partnership will help Edelweiss General Insurance provide customised solutions to customers of Okinawa across the country. Customers can now avail of a comprehensive insurance policy and will have the option to choose from multiple add-ons to suit their individual coverage requirements. The partnership is in sync with Edelweiss General Insurance philosophy to invest in future technologies, support the adoption of electric 2-wheelers in India and contribute towards sustainable growth.

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Commenting on the partnership, Shanai Ghosh, ED & CEO of Edelweiss General Insurance, said Edelweiss General Insurance is happy to partner with the market leader in Electric 2-wheelers. This partnership reflects their strategic focus on the electric vehicle market in the country. Edelweiss General Insurance believes the progressive transition to electric vehicles is integral to India’s journey towards eco-friendly transportation and as a new digital insurer, Edelweiss General Insurance is excited to be part of this emerging technology driven mobility ecosystem.

Okinawa Autotech, expressed that they are glad to partner with Edelweiss, a new-age digital Insurer which shares their conviction about the EV market potential in the country. Edelweiss will provide our customers with a digitally enabled platform and an ecosystem that offers need based and data-driven solutions.

Apart from support from the government, customers are also becoming increasingly environmentally conscious and therefore interest in the EV segment is on the rise. This mindset shift will bring about a dramatic change in the industry. Edelweiss General Insurance aim is to support this transformation, while keeping the customer requirement and expectations added Shanai.

Edelweiss General Insurance policy for 2-wheeler EVs covers the vehicle end to end, including the battery, which is a major component of any EV and takes up over 30% of the vehicle cost. Edelweiss General Insurance is also introducing covers to protect damage to chargers/ cables that are not a part of the vehicle and are used for charging at home etc.

About Edelweiss General Insurance:                                                                                

Edelweiss General Insurance is India’s first cloud native insurer, which started operations in February 2018, with a digital operating model and a vision to help people lead happier, safer and healthier lives. The company aims to deliver innovative solutions to customers through a digital operating model leveraging data and analytics. Edelweiss General Insurance is creating an ‘Insurance as a service’ platform with a plug that enables easy integration with third parties. Consumer insight driven strategy coupled with technology-powered execution, is what differentiates Edelweiss General Insurance in the Indian Insurance Market.