Oriental Insurance has for the first time tied up with a private online insurance broker ‘Coverfox’ to sell its comprehensive motor insurance product for both four and two wheelers and for Coverfox too this is the first engagement with a public sector general insurer. Coverfox operates the online insurance portal coverfox.com.
Currently, auto insurance is the largest selling category for Coverfox. Founded in 2013, Coverfox sells insurance online and offers car, health, home and travel insurance.
Talking about the partnership, Varun Dua, CEO and Co-Founder, Coverfox.com, said, “We are indeed thrilled by this partnership with Oriental Insurance, one of the most prestigious PSUs (public sector units) in the insurance sector today.”
“We appreciate the trust that Oriental Insurance has placed in us through this collaboration. This broadens and gives much-needed depth of choice to our customers”,he added.
Coverfox is the second-largest online auto insurance provider in India. It also sells health and travel policies. It sells nearly 10,000 policies (auto, health and travel put together) a month and is witnessing steady growth of about 20 per cent month-on-month.
