New modality bets on recurring billing via credit card and promises savings of up to 30% compared to the traditional model
Tokio Marine announced on Monday (13) the launch of Monthly Auto Protection, a new type of auto insurance designed for consumers looking for greater flexibility and financial control. The product allows contracting on a month-to-month basis and uses the recurring billing system, which avoids compromising the total limit of the insured’s credit card.
The initiative aims to serve a portion of the market that demands alternatives to conventional insurance. Among the differentials, the freedom to cancel stands out: the customer can terminate the contract at any time and receive a proportional refund for the days not used in the current month. According to the insurance company, the plan can be up to 30% more economical than the traditional policy.
SEE ALSO:
The coverage covers essential events such as collision, fire, theft and theft, with compensation set at 90% of the value of the Fipe Table. To optimize costs and ensure agility in service, Tokio Marine uses an exclusive referenced network. In it, repairs have a 36-month warranty and there is the possibility of paying the deductible amount in installments.
A relevant point in the pricing strategy is the use of new compatible parts for non-structural safety items, ensuring technical efficiency without raising the insurance premium. “The product was developed for a consumer who values cost predictability, autonomy and practicality”, says Arnaldo Bechara, the company’s Automobile director.
Operating in Brazil since 1959, the subsidiary of the Japanese group — which has 146 years of history — seeks with this launch to simplify the end customer experience and offer brokers a competitive tool for different income profiles. The modality is already available for contracting throughout the national territory.
