The device, which plugs into the car's on-board affection (OBD), relays advice on affection of active and acceptance of cars to the allowance company, which uses the abstracts to amount the action at the time of renewal.
Currently, four factors actuate appraisement of a vehicle's allowance — its make, model, year of accomplish and location. Bajaj Allianz General Allowance has alien Drive Smart — a action which, at the time of renewal, will amount allowance based on usage. The accessory and account is accessible for chargeless to anyone who buys Bajaj Allianz's car allowance with the add-on covers.
"There are abounding car owners who use their car actual sparingly and are actual accurate drivers who end up subsidizing others. Telematics will advice us amount allowance according to the risk," said Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance.
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