CRED, a fintech platform, has expanded its selection of motor insurers on CRED garage to include Bajaj Allianz General Insurance, Tata AIG, and United India Insurance. This brings the total number of curated insurance providers on the platform to seven, including ACKO, ICICI Lombard, Zurich Kotak, and Digit. CRED members can now evaluate and choose from India’s leading motor insurance providers in one place.
CRED garage has enabled members to insure over 10 lakh vehicles without coverage lapses. The platform allows members to compare premiums, get quotes, and renew their policy, with timely reminders sent before policy expiry. It also facilitates digital claims initiation and provides end-to-end support through a dedicated concierge team. Insurers offer dynamically priced premiums with better rates for those with higher credit scores, recognizing members’ creditworthiness as a signal of responsible behavior.
The addition of new insurers reflects the benefit of CRED’s approach to the entire ecosystem, where creditworthy members get better benefits and insurers have access to more prudent consumers. According to Akshay Aedula, product and growth at CRED, the platform has reimagined the traditional insurance experience to enable members to make the right choice in a frictionless, transparent, and intuitive manner.
The partnership with CRED garage has been welcomed by the new insurers. Dr. Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, said that the partnership allows vehicle owners to stay on top of their insurance status and renewal dates, and that the platform’s ability to reward financially responsible behavior by offering better rates to those with stronger credit profiles is a step in the right direction. Saurabh Maini, Senior EVP at TATA AIG, said that the partnership helps the company to offer motor insurance solutions to a tech-savvy audience, reinforcing its focus on innovation and customer-centric protection.
Lipika Kalra, General Manager (Marketing) at United India Insurance, said that the partnership marks a key milestone in the company’s digital transformation and B2C growth journey, enabling it to directly engage with a digitally native community that values convenience, transparency, and trust. Over 1.1 crore vehicles are managed through CRED garage, which helps members manage all parts of car ownership in one place, from discovering challans to renewing pollution certificates, insurance, FASTag, checking valuation, and even resale.