Royal Sundaram General

Electric vehicle maker, One Moto India on Tuesday said it has partnered with Royal Sundaram General Insurance Co Ltd for insurance policies of its vehicles. Under the tie-up, One Moto India customers will be able to avail an add on cover-depreciation waiver that enables them full claim without deduction, to their motor policies issued by the brand. Apart from this, the customers will also be offered competitive pricing, and cashless facility for claims at One Moto centers, the company said in a statement. Commenting on the partnership, One Moto India Vice-President, Sales & Marketing, Aditya Reddy said majority of the customer base is experiencing EVs for the first time, they seek more support to enable the transition from ICE (internal combustion engine) to EV. "We have identified the requirement and are trying to address the same with reputed associations, so that everything can be offered to our discerning customers under one roof," he added. Stating that the electric ...

Penalty follows charges of violation of motor tariff rules, lack of transparency regarding deductions made under the claims

As of March 2016, its total premium stood at Rs 1,700 crore which may touch Rs 2,100 crore