Cholamandalam MS General Insurance Company has introduced ‘Policy on the Go’, a mobile application to generate quotes and issue motor policies online, thus bringing down the turnaround time from four days to just a few hours.
The insurance agents and direct sales teams of Chola MS can now use their Android-run smart phones to fill in insurance applications. The mobile application will generate instant quote, taking into account various factors, including the year of registration, engine number and so on.
Once the customer cheque is realised, the policy will be issued and e-policy will be sent to the customer.
S. S. Gopalarathnam, Managing Director, Chola MS said, “This initiative reduces possibility of errors and enhances the agent’s productivity. We are aiming to withdraw manual cover notes from the market shortly.”