Edelweiss General Insurance partners Okinawa for electric two-wheelers

Edelweiss General Insurance (EGI) has inked a partnership with electric two-wheeler OEM Okinawa Autotech. EGI will leverage Okinawa’s 350-strong dealership network across India to offer Okinawa customers end-to-end, digital-driven solutions, aimed at ensuring superior customer experience.

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.

EGI’s policy for electric two-wheelers is all-encompassing and covers the battery, which is a major component of any EV and accounts for 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.

Commenting on the partnership, Shanai Ghosh, executive director and CEO, Edelweiss General Insurance, said, “This partnership reflects our strategic focus on the electric vehicle market in the country. We believe the progressive transition to EVs is integral to the India’s journey towards eco-friendly transportation and as a new digital insurer, we are excited to be part of this emerging technology driven mobility ecosystem.”

 “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. Our aim is to support this transformation, while keeping the customer requirement and expectations at the fore”, added Shanai.

Jeetender Sharma, MD and founder, Okinawa Autotech, expressed, “We are glad to partner with Edelweiss, a new-age digital Insurer which shares our conviction about the EV market potential in India. Edelweiss will provide our customers with a digitally enabled platform and an ecosystem that offers need based and data-driven solutions. We look forward to a successful partnership that creates immense business values for both parties.”