BMW India Financial Services is partnering with ICICI Lombard General Insurance to offer BMW customers comprehensive motor insurance solutions. With this tie-up, customers will be able to cover almost all parts of the vehicle under the policy.
BMW India Financial Services, established in India in 2010, provides retail automobile financing solutions to BMW and multi-make customers. Mr. Stefan David Schlipf, the MD and CEO of BMW Financial Services, says that every second car sold by them is financed by BMW’s financial arm.
According to the terms of this collaboration, the insurance cover will facilitate replacement of the necessary parts, instead of merely repairs. BMW sources state that all services will be carried out by an authorised BMW dealership and the contract will cover the service costs for the same.
Mr. Bhargav Dasgupta, the MD and CEO of ICICI Lombard General Insurance said, “BMW is one of the most admired luxury car companies in India and it will be our continuous endeavour to meet the motor insurance related requirements of the high-end clientele of BMW India Financial Services.” Mr. Stefan David Schlipf emphasised the importance of motor insurance in a vehicle purchase, to protect owners against unforeseen situations.