how will it work

“For example, if you want to take a cover based on the number of kilometers driven by your vehicle, you can opt for this cover. With this circular, the insured can also buy an add-on motor cover on floater basis for multiple vehicles, be it four wheelers or two wheelers,” Bajaj Allianz Chief Technical Officer TA Ramalingam told TOI. He said the purpose of such cover is to make motor insurance essentially more affordable, especially for customers who primarily opt for third-party covers only and overlook the benefits of OD covers.