Walmart Acquired E-commerce Platform Flipkart Forays Into Mobile Insurance
Walmart acquired India's e-commerce platform Flipkart said it's foraying into the insurance segment after securing a corporate agent license.
To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform, Flipkart said in a statement.
It added that under the programme, it will offer both cash payout option or free pick up, service and drop convenience to customers.
The insurance offering will be available from 10 October, the start of Flipkart’s The Big Billion Days (TBBD).
“In line with our customer-first policy and as the market leader in this segment, insurance felt like the logical next step in providing consum...