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Shanai Ghosh - Insurance, Eco Friendly

Digital insurance for eco-friendly bikes

Edelweiss Ins eyes electric vehicles, ties up with Okinawa

Customers of Okinawa, India’s largest electric two-wheeler manufacturer with over 40% market share, can now avail of a comprehensive insurance policy with an option to choose from multiple add-ons to suit their individual coverage requirements.

MUMBAI, Feb 4 (The CONNECT) - Edelweiss General Insurance (EGI) has entered into an exclusive partnership with Okinawa Autotech Pvt Ltd, to offer customers digital-driven solutions.

Customers of Okinawa, India’s largest electric two-wheeler manufacturer with over 40% market share, can now avail of a comprehensive insurance policy with an option to choose from multiple add-ons to suit their individual coverage requirements. 

Shanai Ghosh, ED & CEO, Edelweiss General Insurance, said, the partnership reflects the     company’s focus on the electric vehicle market in the country. “We believe the progressive transition to electric vehicles is integral to the India’s journey towards eco-friendly transportation and as a new digital insurer.”

Apart from support from the government, customers are also becoming increasingly environmentally conscious and therefore interest in the electric vehicle (EV) segment is on the rise. This mindset shift will bring about a dramatic change in the industry, she said.

Jeetender Sharma, MD and Founder, Okinawa Autotech, said the partnership is a step ahead in strengthening our commitment in providing continued support to customers.

EGI’s 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. EGI 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.

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