MobiKwik, a mobile wallet and Buy Now Pay Later (BNPL) fintech company in India, has collaborated with Cholamandalam MS General Insurance Company Ltd and SBI General Insurance to offer third party and comprehensive two-wheeler insurance plans on its platform.

A customer will just have to enter the vehicle number to buy insurance on MobiKwik platform without having access to his/her registration certificate. The product suites will include add-ons such as zero depreciation, personal accident and 24X7 road assistance, according to the MobiKwik press release.

The company is certain that insurance offerings on MobiKwik platform will not just benefit our 120 mn customers but will bring more people in the ambit of insurance. As an added advantage, soon, MobiKwik customers will also be able to utilize MobiKwik Zip, Buy Now Pay Later service to pay their insurance premium.