Park+, a leading auto-tech platform in India, has partnered with ICICI Lombard, a prominent insurance provider, to offer car insurance services to its users. The partnership, announced on May 19, 2025, aims to simplify the process of acquiring and managing car insurance for Park+’s user base of over 20 million car owners. Through this integration, users will be able to purchase insurance coverage for both new and used vehicles digitally, with the entire process taking only a few minutes.
The collaboration will also streamline the claims process, leveraging Park+’s existing connections with service centers across India. This will enable users to manage their entire insurance journey, from purchase to claim settlement, within a single platform. According to Amit Lakhotia, Founder and CEO of Park+, the partnership is designed to enhance the car ownership experience by making car insurance simpler, easier, and more affordable.
ICICI Lombard’s Chief of Retail & Government Business, Anand Singhi, expressed enthusiasm about the partnership, stating that it has the potential to transform India’s car insurance landscape by increasing accessibility and efficiency. The partnership is a significant development in the Indian motor insurance market, which has seen increasing digitization in recent years. Traditional insurance providers are partnering with technology platforms to reach customers more effectively, and this collaboration represents another step in the ongoing digital transformation of financial services in India’s automotive sector.
Park+, founded in 2019, has established itself as a comprehensive service provider for car owners, addressing challenges such as parking, FASTag management, vehicle access control systems, and EV charging stations. With a presence in over 5,000 residential societies, 250 offices, and 50 malls across more than 30 Indian cities, Park+ is well-positioned to offer its users a seamless and convenient experience. The partnership with ICICI Lombard is expected to further enhance the company’s offerings and solidify its position as a leader in the Indian auto-tech industry.