Zuno General Insurance reports 20% sales growth this festive season driven by innovative products, EV Insurance and pent-up demand due to prolonged monsoon
As a result of technology-driven solutions, EV Insurance offerings, and strong demand for motor insurance, the company has experienced significant growth over the festive season.
Mumbai : Zuno General Insurance, formerly known as Edelweiss General Insurance, a new-age digital insurer, has witnessed 20% sales growth this festive season, while the company experienced a substantial 41% rise in premium collections, reflecting a surge in demand for motor insurance products, indicating its growing popularity among digitally savvy consumers looking for creative and hassle-free insurance solutions.
Zuno’s motor insurance witnessed tremendous growth, due to its EV insurance offerings, tailored product offerings and a strong focus on value-added services. The company has seen increased demand for private car insurance contracts, with popular add-ons like zero-depreciation and roadside assistance becoming highly sought after by clients.
The festive demand was strong in October-November, while the industry witnessed impact on sales despite the festive season starting in September, due to prolonged monsoon.
Zuno’s success can be attributed to its digital-first approach, which has redefined how insurance products are delivered and managed. Zuno has simplified the insurance process, making policy issuance, claims processing, and renewals faster and more accessible. The company’s focus on innovation like offering telematics-based products like Pay-As-You-Drive and Pay-How-You-Drive is also gaining momentum. The double-digit growth in policy sales during the festive season highlights the increasing consumer demand for seamless, tech-enabled insurance options.
Nitin Deo, Chief Technical Officer at Zuno General Insurance, said, “This festive season has reaffirmed our commitment to providing innovative and easily accessible insurance products. The 20% increase in sales reflects the growing trust in our offerings, especially as we see a rapid shift in vehicle demand, particularly with the rise of electric vehicles (EVs). As EV adoption continues to accelerate, we are focused on delivering customized insurance solutions that cater to the evolving needs of our customers.”
Zuno General Insurance witnessed a 26.4% year-on-year increase in total claims for motor insurance in July-September FY25, which reflects a significant rise in flood and natural calamities across the country. The company prioritized swift and seamless claim settlements to deliver an exceptional customer experience. The highest paid claim in FY25 was Rs 11,28,680, while the lowest was Rs 1,665. A breakdown of flood claims across various states revealed a sharp rise in damages, particularly in Gujarat, Telangana and Andhra Pradesh. Customers should consider engine protection cover, roadside assistance, consumables cover like nuts, bolts, screws, engine oil, coolant, and other items often damaged during floods, return to invoice cover, and zero depreciation cover, for all round protection of vehicles during any untoward incident.
As part of its growth strategy, Zuno General Insurance plans to further expand its footprint in India’s competitive insurance market. The company is committed to harnessing new technologies like artificial intelligence and dynamic pricing models to meet the needs of a rapidly changing market. With its robust digital infrastructure and customer-first approach, Zuno is well-positioned to capitalize on future growth opportunities.
