ICICI Lombard associates with Realme payसा

ICICI Lombard General Insurance Company Limited has entered into strategic association with realme payसा to enroll realme phone users, under the All Risk Insurance Policy underwritten by ICICI Lombard.

Realme payसा, was launched in December 2019 as a full stack financial services platform and through this relationship will provide screen protection for realme phones.

The policy, administered as a group policy, can be taken from the realme payसा mobile APP pure digitally and does not require any documentation. Insurance is available for phones up to 18 months old, in less than 5 minutes and for screen breakage once or twice a year. The premiums vary depending on phone model and age of the phone but general premiums start as low Rs 250.

Realme payसा will provide ICICI Lombard the perfect platform to offer disruptive, affordable and pure digital insurance products to major Indian cities but more importantly in Tier 2, 3, 4 cities where historically reach, education and servicing have been major roadblocks.

Realme payसा and ICICI Lombard together plan to provide insurance solutions for both Individuals and SMEs with a clear objective to make insurance accessible, affordable and simple for all Indians.

On Thursday, the stock of ICICI Lombard closed at Rs 1,346.05. During the day it made intra-day high and low of Rs 1,365 and Rs 1,341 respectively.