Symbo India Insurance Broking launches Marathon Insurance

The comprehensive Marathon Insurance product covers accident and medical emergency during the event. The policy also offers runners cover in case of event cancellation by an organizer or if the participant cannot run due to health issues, accident or bereavement, along with a flight cancellation or loss of checked in baggage during transit. The expected claims settlement period is ten days

Symbo India Insurance Broking , a digital insurance brokerage firm, in partnership with Reliance General Insurance and event ticketing company Goeventz has launched Marathon Insurance – a unique cover for marathon runners.

The comprehensive Marathon Insurance product covers accident and medical emergency during the event. The policy also offers runners cover in case of event cancellation by an organizer or if the participant cannot run due to health issues, accident or bereavement, along with a flight cancellation or loss of checked in baggage during transit. The expected claims settlement period is ten days.

To provide customers with a seamless digital experience, Symbo has achieved end-to-end integration with Goeventz to allow marathoners to purchase the insurance at the time of registration. Symbo’s technology platform will also handle all customer service and claims activity for policyholders.

“We’re excited to offer Marathon Insurance in partnership with Reliance General Insurance and Goeventz”, said Anik Jain, Co-Founder & Chief Executive Officer, Symbo India Insurance Broking. “More Indians are taking up running and the number of marathon participants are growing exponentially, with several hundred thousand runners now participating in races every year. This innovative product marks our broader commitment to keep pace with the evolving needs of India’s consumers and deliver insurance that is contextual & relevant.”

Gaurav Jain, Founder, Goeventz, said, “This is a positive development for marathon runners to be able to secure their run through a tailor-made product. We are pleased to bring innovative solutions for our customers in partnership with Symbo.”

In addition to Marathon insurance, Symbo had previously launched Vision Insurance as part of its lifestyle-based portfolio. The Vision products, available through a network of opticians, offer protection for cataract surgeries, eye care and spectacle damage.

Symbo India Insurance Broking (Symbo) is a technology-driven insurance business serving the industry across products, distribution and operations. It has been moving rapidly with more than 700,000 lives covered across various general, life, personal and commercial insurance product lines.  In a short period of time, the company has built a solid foundation in India through its corporate and retail technology platform. The company, is backed by former Sequoia Partner Yinglan Tan’s Insignia Ventures and Dymon Asia Ventures.

Source: Asia Insurance Post

Date: 16th October 2018

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