AskArvi provides Motor Insurance in 60 seconds, targets 60 lakh premium by 2018 end

AskArvi has come up with a time saving and one of the most reliable ways of buying motor insurance through AskArvi’s mobile chat feature in just 60 seconds. This will allow the buyers not only save their time but also eliminate the insurance agents by directly engaging them with the insurance company.

AskArvi has partnered with major insurance companies such as Reliance, Bhararti Axa, Bajaj Alliance, HDFC, Kotak Mahindra, Iffco Tokio and New India Assurance Company. Coming up with the launch of motor insurance, AskArvi wants people to start leveraging technology for buying insurance products and are eyeing millennials who are tech-savvy and the ones interested in digital payments.

Not only for tier-1 cities, but, AskArvi targets tier-2 and tier-3 cities as well being very simple and easy to use. By the end of this year, the company is looking at achieving a target of minimum INR 60 Lakhs.

Being one of the most trusted digital insurance aggregates in India, AskArvi breaks down the complexities of buying motor insurance and helps them understand its intricacies in simplest way possible through their interactive mobile chat feature.

Commenting on the launch, Sushant Reddy – Founder of AskArvi said, “Entering into motor insurance segment is one of the major parts of our expansion spree. We are extremely delighted to offer our customers an ease of buying motor insurance through our extremely interactive mobile chat feature. Our new offering is very much in sync with customers’ digital demands, specifically in motor insurance market. Hence, customers can now have a complete virtual liberty of buying a reliable insurance plan through AskArvi.”

AskArvi is a user friendly platform which allows the customers buy a motor insurance plan relevant to their need in just a few seconds. The customers are required to upload their vehicle’s photo with its registration number and they will be directed to see, compare and policy purchase option.

It intelligently uses Virtual Insurance Assistant to understand the customers’ need and recommend them a product matching to their need.

AskArvi leverages new capabilities of Artificial Intelligence and Data to fix the flaws that are prevalent in the Indian Insurance Industry. It also reaches out to the customers intensively by automating their pre and post sales experience.