Amazon Now Selling Auto Insurance in India
Amazon’s India business announced it is now offering auto insurance to cover two and four-wheelers in the country. Amazon has partnered with Mumbai-based Acko General Insurance to offer customers car and motor-bike insurance. Amazon is also an investor in Acko.
Presently, only less than three percent of India’s 1.3 billion population has access to insurance. An average Indian makes about $2,100 a year, according to the World Bank. Of those Indians who had purchased an insurance product, they were spending less than $50 on it.