Navi forays into motor insurance with zero-commission digital offering

New Delhi, Mar 17 (PTI) Financial services firm Navi on Tuesday announced its foray into the motor insurance segment with the launch of a fully digital, zero-commission offering for cars and two-wheelers.
    The direct-to-customer product, available on the Navi app, eliminates intermediary commissions to offer competitive and transparent pricing, the company said in a statement.
    The new offering provides comprehensive, own-damage, and third-party covers for both traditional and electric vehicles (EVs).
    "As a digital-first, direct-to-customer insurer, we are cutting out commissions entirely, thus passing those savings directly to customers through competitive pricing," said Vaibhav Goyal, Managing Director and CEO, Navi General Insurance.
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City Union Bank ropes in Ravindra Jadeja as brand ambassador.

    Private sector City Union Bank on Tuesday said it has signed cricketer Ravindra Jadeja as the brand ambassador for the bank.
     The bank has entered into an agreement on March 16, with Ravindrasinh Anirudhsinh Jadeja and Baseline Ventures (India) Private Ltd for a period of two years, City Union Bank said in a regulatory filing.
    This partnership is intended to leverage the bank's brand association with a personality synonymous with reliability and multifaceted excellence which is expected to support customer acquisition and long-term customer engagement with the bank, it said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)