Heritage Insurance has entered into a strategic partnership with NIC Bank that will see new car owners get Auto Correct motor insurance policy.
Through this agreement, NIC Bank will provide car buyers with financing from Toyotsu Auto Mart Limited, one of the largest used Japanese cars dealer in Kenya while Heritage Insurance will provide motor insurance.
Speaking during the partnership signing ceremony at Toyotsu Auto Mart offices in South C Nairobi, Heritage MD Godfrey Kioi noted that Auto Correct’ s customer centricity approach makes it a timely product for people seeking to experience a personalised kind of motor insurance.
“Telematics is not limited to the pricing of motor insurance or driver behavior. Our philosophy is cementing customercentrism in the industry by engaging the customer and generating rewarding and memorable experiences. The advent of the 4th Industrial Revolution is reshaping customer behavior, creating a desire for personalization and transparency from companies. With telematics, we can make more effective use of data to deliver enhanced customer experiences, while posting improved motor insurance results for our shareholders,” said Mr. Kioi.
The strategic partnership between NIC bank through their subsidiary NIC Insurance Agents is poised to avail customers a raft of benefits including: discounts on insurance premium rewards for safe driving, simplified claims processing, premium cash back for safe drivers hence reduced insurance cost and loyalty points programme that will see customers redeem their points at various outlets.
The partnership will also see Toyotsu customers get up to 90% financing, 60 months repayment period and two months warranty for vehicles that meet the warranty criteria with an option to extend to one year.