The firm manufactures electrical bikes underneath the model title of Joy e-bike, and the partnership will assist clients get e-bike insurance coverage insurance policies.
Wardwizard Innovations & Mobility Limited, a producer of electrical bikes underneath the model title Joy E-Bike, has joined palms with Bajaj Allianz to supply two-wheeler insurance coverage insurance policies. Customers can now avail of insurance coverage advantages from Bajaj Allianz, which can cowl 5 years, with the primary yr protection for the whole car with zero depreciation, and the remaining 4 years with cowl of third occasion insurance coverage protection. The proprietor of Joy E-Bikes will get protection of ₹ 15 lakh for his or her private insurance coverage, and also will get roadside help protection for the primary one yr.
According to an announcement from the corporate, Bajaj Allianz will leverage Joy E-Bike’s huge dealership community of over 300 dealerships throughout India, to supply clients easy, end-to-end insurance coverage protection merchandise aimed toward superior buyer expertise.
Speaking concerning the new partnership, Yatin Gupte, Chairman and Managing Director, Wardwizard Group stated, “We are happy to announce this association. We can now offer our customers more support and make them believe in our products even more. While insurance on electric vehicles in the two-wheeler category is not mandatory in India, the risks associated with them are limited and hence insuring e-bikes is not expensive. The costs outweigh the benefits, and with tie-ups like this between Wardwizard Group and Bajaj Allianz, customers can expect to get some of the best deals in the country.”
Wardwizard Innovations & Mobility is the first-ever firm listed on the Bombay Stock Exchange (BSE) underneath the electrical car class. The firm has a product line-up of Joy e-bike, consisting of 4 new high-speed e-bikes, known as the Hurricane, Thunderbolt, Skyline and Beast. These 4 e-bikes are high-speed and filled with the most recent EV expertise together with robust IoT (Internet of Thing) sensors and Artificial Intelligence. The firm just lately revealed the costs ranging from ₹ 2.29 lakh. The firm entered the market with two low-speed fashions Nanu E-Scooter Honeybee and Nanu E-Scooter Butterfly. The firm at the moment has presence in over 25 cities throughout India, and has launched some merchandise in Africa.