Thursday, November 29, 2018

Motor Insurance Just Got Smarter with COCODrive – COCO by DHFL GI


India's first ever customizable online comprehensive car insurance policy - COCODrive was recently launched by COCO.

COCO by DHFL General Insurance Ltd. is a 100% owned entity of Wadhawan Global Capital Private Limited (WGC). It aims to simplify the cumbersome & confusing process of purchasing insurance via new age technology. According to the specific needs of the customers they can customize the product & there is an option of 19 add-ons to choose from. The pick & pay customizable policy provides suggestions to customers that will help them to pick the right add-ons suitable for their need.



The first step towards buying the most suitable car insurance policy is understanding the various terms related to it. This list will help you do that.

Protecting NCB Needs
• NCB Secure
• NCB Protector- Repair of Non-Metallic Parts
Car Related Needs
•Zero Dep
•New Car for Old Car - Imagine paying less than INR 0.50 per day & getting a new car in claim of total loss or car theft.
•Consumable Expenses
•Engine Protector
•Key and Lock Replacement
•Tyre Replacement

Personal Protection Needs
• EMI Protector
• Outstanding Loan Protector
• Accidental Hospitalisation
• Enhanced Owner PA
• Enhanced Paid Driver PA
• Enhanced Occupant PA
• Hospi Cash
• Daily Conveyance Allowance
• Personal Belonging Protector
• Emergency Transport & Hotel Stay
• Road Side Assistance

COCO assures customers that they will not just be protected, but they will have complete control over what covers they choose to protect themselves and their loved ones. COCO has rapidly become the leading InsureTech company in India and has gained the trust of customers as it is country's first a la carte motor policy.

What is an a la carte insurance policy?
When we generally purchase motor insurance, we get to select from various pre-bundled packages offered by various companies. We make a decision based on whatever we understand and the cost. But is that the right cover for us? Not necessarily.  
The pre-bundled packages sold to us traditionally involve add-on covers that might not be beneficial to us but might be beneficial to the insurance company as they might be more profitable to sell.
But COCO is here to transform
Car Insurance with it’s new product COCODrive. It puts the power right back into the hands of the customer. Customers can now choose from a wide array of 19 add-ons (highest provided by any insurance company in the market) which means they can only select the add-ons that they require based on the type of car, city, age, risks it is exposed to etc. The best part is, they have to pay just for the add-ons they select. It’s like selecting toppings on a pizza and just paying for those toppings.

Another key difference is that COCODrive offers the highest Personal Accident Cover amongst the insurers, making the security cover even higher for customers. The current regulator mandate requires a Personal Accident cover of 15 lakhs but with COCODrive, a customer can get a cover of up to 35 lakhs.


The launch of COCODrive was celebrated by special cake cutting ceremony & Secret Screening of their new Brand Film which conveys the message #CareMoreHaveMore beautifully. Their First Digital Brand Film had received more than 16 million views already. With the end of the event, COCODrive leaves a good impact on each & everyone with its features. It's time to preserve all that you care for, so that you can have more of what you care!


Post a Comment