Digital insurer Edelweiss General Insurance (EGI) has tied up with Chennai-based Repco Home Finance Ltd (RHFL) to offer insurance solutions to all home loan customers of RHFL. Through this partnership, EGI will offer property insurance cover and loan protection cover to RHFL’s customers through their branches spread across India.
Owning a home is an aspiration that most people have. While a home loan can help fulfil this aspiration, protecting the home with adequate insurance cover will help ensure that in case of an unfortunate event, the borrower is covered. EGI will offer customised, affordable, and convenient insurance solutions to financially protect loan borrowers.
Shanai Ghosh, MD & CEO, Edelweiss General Insurance, said, “We are happy to partner with Repco Home Finance to offer our services to their customers. The demand for home loans is on a rise. This presents an opportunity for us to reach out to home loan seekers and offer them our digital protection solutions.”
Swaminathan, MD & CEO, Repco Home Finance Ltd, said, “Partnership with Edelweiss General Insurance provides an opportunity to our customers to secure their loan obligations in a hassle-free manner and proves to be a Win-Win proposition for all concerned.”
About Edelweiss General Insurance
Edelweiss General Insurance (EGI) is a full stack Insurtech and one of the fastest growing players in the Indian non-life Insurance market. It is a digital Insurer that aims to transform insurance making it easy, friendly and transparent. Its digital platform powers fantastic customer experience, innovative solutions and efficient service delivery. It started operations in 2018 and has won multiple awards at renowned industry forums for product innovation and its digital platform. It is India’s first cloud native insurer and the first insurer to launch an open API platform. It has 2 million active customers and a growing omni-channel distribution on digital rails. EGI has presence across key digital marketing places and partnerships with PolicyBazaar, Phonepe, Ola, ClearTrip, Dunzo, Intermiles, PayNearby, Zopper, Riskcovry, Avanse Financial Services, Mahindra, Tata, Jeep, Okinawa, Royal Enfield, etc.
Consumer insight driven strategy coupled with technology-powered execution is what differentiates EGI in a competitive market. It aims to deliver innovative solutions to customers by leveraging data, analytics and proactive market sensing.