April 20, 2024

Policybazaar.ae-Cars24 joins forces for a strategic digital partnership

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Policybazaar.ae, UAE’s one-stop destination for online insurance and financial products marketplace announced a strategic partnership with Cars24, a well-known automobile-focused e-commerce platform for pre-owned vehicles.

Under this agreement, the clients can enjoy a trustworthy and hassle-free experience when buying a pre-owned car and a comprehensive car insurance policy to go along with it. 

This is a first-of-its-kind digital partnership that will revolutionize customer experience, with an end-to-end digital insurance purchase and issuance process offering customers convenience and transparency.

Policybazaar.ae, is a brand of PBFintech (NSE & BSE – POLICYBZR) which is listed on the National & Bombay Stock Exchange last year. 

Policybazaar.ae stated that it will be offering the Cars24 customers a specially curated insurance which gives them a wide set of benefits along with additional covers for pre-owned vehicles from different trustworthy insurance companies. Customers will get to experience a seamless digital journey to see real-time quotes, compare costs and save money.

Neeraj-Gupta-CEO-Policybazaar-UAE

Neeraj Gupta, CEO Policybazaar UAE said, “We are excited to partner with Cars24. In a relatively short time just as us Cars24 has been able to disrupt the online space by offering customers choice and flexibility. Through this association, both the leading e-commerce platforms take a quantum leap in transforming the customer experience by bridging the gap of buying and insuring pre-owned vehicles via digital journey.” 

Mr. Gupta also added: “At Policybazaar.ae we will work towards instant issuance to ensure complete comprehensive insurance protection at pocket-friendly prices for every pre-owned vehicle, purchased from Cars24. We would also ensure that our customers avail convenient claim settlement services.”

Abhinav Gupta, CEO, Gulf region for Cars24

Commenting further, Abhinav Gupta, CEO, Gulf region for Cars24, stated “We have disrupted an unorganized market in UAE and are here to offer an unparalleled online purchase experience of pre-loved cars. In a short span of time, we have received immense appreciation from our customers, and we look at this partnership with Policybazaar.ae as a win-win relationship for both the players.”

He further added that “With Cars24 we are committed to offering our customers a strong digital ecosystem to deliver quality products and services for its customers. With Policybazaar.ae our customers are assured of instant insurance cover online and benefit from cutting-edge technology from both the entities.”

As a part of this partnership Policybazaar.ae customers, can avail of gift vouchers worth AED 1250* if they sell their cars on Cars24 between 1st to 31st March 2022. The offer is available on cars that are manufactured after 2017 and have mileage less than 100K km.

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