7 in every 10 respondents claimed to buy insurance after being caught by the traffic police: Report by COCO by DHFL General Insurance
Key Highlights: –
- 43% of respondents from Delhi have not renewed their car insurance policy, even after being caught by the traffic policy, followed by 40% of Bangaloreans, and 33% of Mumbaikars
- ‘Law’ and ‘concern for car’ are equally important for the car owners while buying car insurance
- 50% of the respondents who buy online, also research online before purchasing the insurance policy
- 70% respondents prefer the online route to buy car insurance
- Mumbaikars go to the aggregator for the ‘price/discounts’ and Delhiites give more importance to the ‘brand’, whereas Bangaloreans opt for the ‘coverage and add-ons.
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