Vehicle insurance via cellphone launched
City-based Cholamandalam M.S. General Insurance Company Ltd. Monday announced the launch of 'Policy on the Go' for issuing vehicle insurance policies.
The company said 'Policy on the Go' is a mobile application to generate premium quotes and issue vehicle insurance policies online and in the process bring down the turnaround time to few hours from four days.
"This initiative reduces errors. We are aiming to withdraw manual cover notes from the market shortly," S.S. Gopalarathnam, managing director of the company, said in a statement.