Realme PaySa, ICICI Lombard enter strategic association | HT Tech

Realme PaySa, ICICI Lombard enter strategic association

With this partnership, Realme phones can now be covered under ICICI Lombard insurance policies starting at 250.

| Updated on: Feb 22 2020, 18:25 IST
Realme phones now covered under ICICI Lombard insurance policy.
Realme phones now covered under ICICI Lombard insurance policy. (HT Photo)

Realme's digital payment platform PaySa on Thursday announced its strategic relationship with ICICI Lombard to enroll Realme phone users under the all risk insurance policy.

"We always aim to bring best solutions to our 12mn users and ICICI Lombard was a natural choice. We chose to associate with ICICI due to their ability to co-create digital products, offer services across India and track record of high claim settlement ratios," Madhav Sheth, CEO, Realme India said in a statement.

You may be interested in

MobilesTablets Laptops
20% OFF
Realme X
  • Space Blue
  • 4 GB RAM
  • 128 GB Storage
25% OFF
Realme C33
  • Sandy Gold
  • 3 GB RAM
  • 32 GB Storage
43% OFF
Realme C21Y
  • Cross Blue
  • 3 GB RAM
  • 32 GB Storage
34% OFF
Realme C30s
  • Stripe Blue
  • 2 GB RAM
  • 32 GB Storage

According to the company, the policy administered as a group policy, can be taken from the Realme PaySa mobile APP pure digitally and does not require any documentation.

Also read
Looking for a smartphone? To check mobile finder click here.

Insurance is available for phones up to 18 months old, in less than 5 minutes and for screen breakage once or twice a year. The premiums vary depending on phone model and age of the phone but general premiums start as low as 250.

"Our mission across our product lines remains to support meaningful financial inclusion across India and Bharat and getting insurance right is a key part of this mission. We are learning a lot with our beta release last month and will continue to bring disruption to the financial services market together with our strategic partners. We aim to insure 1mn Indians in the next 2 to 3 years," Varun Sridhar, Lead, Realme PaySa added.

Realme PaySa was launched in December 2019 as a full stack financial services platform and through this relationship, it will provide screen protection for Realme phones.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 22 Feb, 18:25 IST