Public sector insurers New India Assurance(NIA),Oriental Insurance(OIC) and private sector insurers IFFCO Tokio General Insurance and DHFL General Insurance have partnered with to offer cashless settlement options to their motor insurance customers.


The new feature will allow customers to opt for cashless approvals on claims across all garages throughout India within a matter of few hours..


J K Garg, General Manager(GM),NIA, said, "As market leaders it is our constant endeavor to provide fast and hassle free claim experience to our customers. We as New India are extremely happy to partner with Policybazaar in this endeavor for providing Cashless settlement option to our customers."


Balwant Singh, Director & GM , Oriental Insurance said, “The customers shall be provided cashless settlement in motor claims through this centralized process/video app. This initiative will facilitate hassle free claim settlement in a very quick time. We appreciate the innovative steps taken by which will go a long way in providing a unique experience to the customers and also the insurers.”


Yahish Dahiya, Co-founder & CEO, Policybazaar Group of Companies said,“Policybazaar has been an agent of change in the insurance industry with technology being a key driver for us.  Continuing on our journey to humanize our customer’s insurance experience, we have launched this new initiative making it available across all garages pan India.”


Tthe new feature of ‘Cashless Assurance’ builds on’s Self Video Cashless Claims Feature, launched in September last year.