- The Motor Floater Insurance is for those customers owning multiple vehicles to help them insure their vehicles under one policy with a single renewal date and comprehensive cover. Under motor floater, insurance customers will be provided a lower premium.
- Under telematics add-ons, the base motor product can be converted into an 'Asset cum Usage' product. The premium charged for base motor vehicle insurance will depend partially on the usage.
- Under telematics add-ons, customers can buy different plans like Pay-As-You-Use (PAYU), and Pay-How-You-Use (PHYU).
- Under the Pay-As-You-Use plan, customers can choose from different Kilometres depending on their usage. Hence customers need to pay only the premium according to the extent vehicle is used.
- Under the Pay-How-You-Use plan premium charged will depend on the driving behavior score. Customers with good driving behavior can get discounts on the base premium of the policy.
- Static Knowledge:
- ICICI Lombard MD and CEO - Bhargav Dasgupta
- ICICI Lombard headquarters - Mumbai
- ICICI Lombard was formed - in 2001
Question:
Q.1 Which Insurance company launched motor floater insurance?
a. Tata AIG insurance
b. ICICI Lombard general insurance
c. HDFC ERGO general insurance
d. Bharati AXA general insurance
a. Tata AIG insurance
b. ICICI Lombard general insurance
c. HDFC ERGO general insurance
d. Bharati AXA general insurance
