Bajaj Allianz launches 'Drive Smart' telematics-based car insurance in India

Finally, an insurance company woke up and took notice of the particular driving habits of its customers and charged them a premium based on it. Bajaj Allianz General Insurance has announced its new one-year policy for motorists based on telematics. Currently, the insurance policy is available for only four-wheelers. The Insurance Wallet app (available on both iOS and Android) has to be downloaded which then connects with the device once the policy number and few other key details are entered. The alerts will be received as text messages as…