COCO by DHFL General Insurance Launches COCODrive-A Comprehensive Online Four-Wheeler Insurance Policy

A popular Indian InsureTech brand, COCO by DHFL General Insurance is all set to launch a fully A la carte, online four-wheeler insurance policy. A truly customisable and comprehensive car insurance policy named COCODrive will offer the consumers an option of choosing from up to 19 additional features depending on their requirements. For instance, Zero Dep Cover, New Car for Old Car, NCB Secure, Key Lock and Replacement are some of them to suit the motoring requirements of the customers.

Apart from this, COCODrive also has in store several non-standard addition covers including the enhanced owner, occupant and paid driver personal accident cover. This also makes COCODrive the one and only product offering an enhanced personal accident cover going up to Rs. 35 Lakh in the market. Other add-on covers comprise of EMI Protector, Outside Loan Protector and so on. Another added advantage is that apart from providing coverage across India, COCODrive will also cover the geographical extension of neighbouring countries, including Nepal, Pakistan, Bhutan, Bangladesh, Sri Lanka, and Maldives.

Sharing insights on the new policy, Mr. Vijay Sinha, MD and CEO, DHFL General Insurance shared, “With the ever-rising number of vehicles plying on the roads today, coupled with the increase in accidents on the roads, owning a motor insurance has become more of an imperative for every car owner in the country rather than an option to consider. A robust combination of technology, analytics and Big Data tools have enabled the creation of the country’s first pick and pay motor policy - COCODrive - offering consumers a wider choice of add-on covers, rather than having to buy a bundled product with features he/she would not need. COCODrive ensures that customers have the right protection for themselves, their occupants and of course their cherished car against huge losses and legal liabilities if the unforeseen ever occurs.”