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Wardwizard Innovations & Mobility Partners With Bajaj Allianz To Offer Insurance Policies To Joy e-Bike Buyers
Wardwizard Innovations & Mobility Limited, which are manufacturers of the electric bikes under the brand name Joy e-Bike, and Bajaj Allianz, India's leading private general insurance company, have joined hands to offer electric two-wheeler insurance policies to Joy e-Bike customers.
Speaking of the new partnership, Yatin Gupte, Chairman and Managing Director, Wardwizard Group said, "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."
The Policy consists of 1+4 years duration, where 1-year coverage for the entire vehicle with 0 depreciation and the rest 4 years covers TPT (Third Party Insurance ). Hence the customer will get a total of 5 years for TPT coverage. They will get coverage of Rs 15 lakh for their insurance. The customers will also get RCA (Roadside Assistance) coverage for the first year.
Wardwizard Innovations & Mobility was the first-ever company listed on BSE under the electric vehicle category. The latest product line-up of Joy e-bike consists of four new high-speed e-bikes: Hurricane, Thunderbolt, Skyline and Beast. These four e-bikes are high-speed and packed with the latest EV technology along with strong IoT sensors and Artificial Intelligence. The company recently revealed the prices starting from Rs. 2.29 lakh.
Wardwizard entered the market with two low-speed models Nanu E-Scooter Honeybee and Nanu E-Scooter Butterfly. Within no time, Joy e-bike has become the first-ever electric bike manufacturing brand to introduce 8+ EV models in the market, including 4 high-speed offerings that we mentioned above.
Thoughts About The Tie-Up Between Wardwizard Innovations & Mobility & Bajaj Allianz To Offer Insurance Policies To Joy e-Bike Customers
Through this tie-up, customers will be able to avail benefits of a total of 5 years for TPT coverage, coverage of Rs 15 lakh for their insurance and also get RCA (Roadside Assistance) coverage for the first year.