Mumbai based digital payments company and financial exchange Ebix’s ItzCash, has partnered with non life insurance provider HDFC ERGO to offer general insurance products through its physical retail outlets. With Ebix’s major play as one of the world’s largest insurance exchange, this association will further strengthen ItzCash’s position in the Financial Exchange market.
The partnership inked will offer a wide range of general insurance policies, providing protection for a range of insurance needs including health, motor, fire and auto. All these products will be easily available and accessible to customers through ItzCash’s extensive distribution network across the country. Under the arrangement, the entire process from filing an application to making the payment will be executed digitally through ItzCash’s network thus eradicating the possibilities of human error and other delays to offer customer service on a real-time basis. The partnership will also provide the customers with the convenience to pay premium at the nearest ItzCash outlet.
The initiative will also help the insurance provider as the payments company has a retail presence of more than 75,000 franchisees branded as “ItzCash World” across more than 3000 locations.
“Their proven business operations allow us to collaborate and expand our reach by offering health, home and fire insurance to a wider audience across the country through the company’s digital platform.We see immense opportunity in this association and firmly believe that ItzCash clients will gain a great deal from the bouquet of our products,” said Anuj Tyagi, Executive Director, HDFC ERGO General Insurance.
Source: Economic Times