Page 12 - RGIC Vibes

Got approval from IRDAI for:
Got approval from IRDAI for:

Limit Safe - Behaviour-based insurance (BBI) provides incentive in form of a
discount on premium or extension of coverage for the vehicle owner to adopt
safer driving practices.
Limit Sure - Enables ccustomers with added choice to opt for insurance based
on the usage of the vehicle - Mileage based (KMs).
Limit Sure (Hybrid Modular) - Helps customer to customise their Insurance
coverage according to their usage, driving behaviour and the way vehicle is
maintained.

Zero Pay Cover - O ers ‘Waiver in compulsory deductible’ if the vehicle is
reported in the network of RGI preferred garages.

Flexi Pay - O ers customers the option to avail discounts on ‘Limited Non
utilization/laid-up days’ during policy to pass benefit of reduced accidental
risks due to underutilisation of vehicles.

NCB Wallet - The earned NCB of Motor product to be parked in “NCB Wallet”
and utilised to purchase another personal line/individual insurance product
with an attached reward.

Loss Limit Insurance - In this the policyholder and the insurance company
agree on a maximum sum insured per loss event (Fire). This amount is
significantly lower than the Sum Insured.

Non-Damage Business Interruption - This insurance policy covers loss of gross
profit/ revenue due to reduction in turnover arising out of situations
irrespective of whether there is physical damage existing or not.

Redeem & Pay - In this Reward Points earned by the customers in various
Customer Loyalty programs can be used for purchasing Insurance Policies.

Distribution : Highlights

1. Agency

Introduced dedicated health focused teams – Tied & Variable Agency
(Premier Partnership) in Emerging Market.
Introduced specialised Agency channel for Motor LOB, pilot in large market
cities, dedicated channel introduced for private car business and carved out
separate channel for CV & TW.

New Tie-ups:

2. OEM : HOP EV, Raymotoss, Ampere (TTIBI); Hero Electric and Pure EVPiaggio;
Ampere Electric, Hero Insurance Brokers, Mahindra Insurance Brokers.

3. Bancassurance: FAARMS; MARKFED Punjab (Cooperative Society); Baroda UP
Bank & Dolphin NBFC.

4. Digital Alliances: PhonePe; Maple (Apple Re-seller); Tripfactor; Mychoize;
BharatPe; Decathlon & Boat.

5. Distribution: Launch of Digital Marketing Suite for club Agents –
“MYBROBOTPARTNER” - Sales enablement and acceleration platform that helps
partners and sales reps automate their digital marketing processes and grow more
sales opportunities.

*For Internal Circulation Only