New Delhi: Castrol India Restricted, India’s main lubricant participant, has signed an settlement with Mahindra Insurance coverage Brokers Restricted (MIBL), a outstanding insurance coverage brokerage agency. Castrol Auto Service (CAS) workshops will now have an choice to empanel themselves as POSPs (Level of Sale Individuals) for distribution of eligible insurance coverage insurance policies from India’s main motor insurance coverage suppliers via MIBL. The CAS workshops can provide automotive insurance coverage merchandise through a digital platform along with restore and upkeep companies for his or her clients’ automobiles.Sandeep Sangwan, Managing Director, Castrol India Restricted, mentioned, “As the car business sees vital development, with India being the fourth largest car market, automobile insurance coverage has seen unprecedented development. This potential provides us confidence on this alliance with Mahindra Insurance coverage Brokers Restricted to additional empower our CAS workshops to succeed in extra clients. It additionally represents a major milestone in our service and upkeep technique, as it is going to undoubtedly improve the capabilities of our community workshops and be sure that they’re able to offering distinctive or enhanced worth to their clients”.”Car insurance coverage accounts for a excessive 34% of the non-life insurance coverage premiums in India (in accordance with market research), and presents a chance in a development market. This collaboration with Castrol India, helps scale our attain, and help these workshops in turning into POSPs with main insurance coverage firms on our panel, thereby empowering them to supply cashless companies and generate incremental enterprise via unintended repairs. Along with Castrol, we’re dedicated to establishing the CAS workshops as trusted service suppliers within the automotive business,” Vedanarayanan Seshadri, Managing Director and Principal Officer, Mahindra Insurance coverage Brokers, mentioned.This alliance gives CAS workshops a chance to develop their buyer base and provide worth added companies, leading to increased buyer satisfaction. General, this affiliation goals to help CAS workshops in establishing themselves as trusted service suppliers within the automotive business.
