Tata AIG offers insurance loaded with AutoSafe device tracking vehicle health

CHENNAI: TATA AIG General Insurance has launched GPS-enabled ‘Auto Safe’ device which is linked to a mobile app that records all information, tracks the distance travelled and generates reports about vehicle health and driving patterns of the policyholder.

This telematics device or app is fitted or linked to the car as the motor insurance policy becomes active and must be kept throughout the policy period. Information collected is evaluated over time and each driver cum policyholder is allocated points based on performance.

Besides, this device contains motion sensor support and generates fuel-saving reports apart from monitoring aspects like hard braking, nighttime driving and acceleration. Also, this device guards against fuel slippage and dangerous driving habits.

Available on all policies offering personal accidental cover to the tune of Rs 15 lakh for owner and driver, this app also tracks distance travelled by the vehicle, live speed and other driving pattern parameters and offers bonus kilometers for good driving behaviour at the time of the renewal, thus, promoting safe driving habits.

Policyholders can choose between 2,500 km, 5,000 km, 7500 kilometers, 10,000 km, 15,000 km and 20,000 km. Customers having exhausted all the kilometres within the policy period can buy additional kms by opting for the top-up kilometres option. They can choose between 500 km, 1000 km and 1,500 km, thus, helping savings on cost based on usage.

The usage-based insurance (UBI) private car policy for car owners, launched under the IRDAI’s Regulatory Sandbox.

Source: The Times of India