The partnership will provide MaW dealers selling electric 2-wheeler and 3-wheeler vehicles access to various insurance products offered by MIBL’s insurance partners. Customers can effectively compare and select an insurance cover that meets their individual and specific needs.
Vedanarayanan Seshadri, MD & Principal Officer, MIBL, said, “This unique distribution partnership enables MAW dealer-partners to utilize MIBL’s platform to provide insurance products to the emerging and ever-evolving EV industry and the day-to-day growing requirement. will enable Given the rapid growth of the two wheeler and three wheeler fleet in India, this partnership will facilitate insurance through MAW dealer partners with a wider reach.
Amresh Khar, Co-Founder, Mad About Wheels, said, “The MIBL association will help us expand our reach in this growing sector and create more confidence in the EV business in on-board new age dealers as well as OEM brands. We are confident that the EV industry at large will be the beneficiary of such a unique partnership.Our flagship products extended warranty Running successfully, where we have already crossed 20,000 thousand customers.”
The association has been formed keeping in mind the emerging and ever-evolving EV industry and the need for insurance for such products, the company said.