Current Affairs - Business - Discussion

Flipkart enters into pact with Bajaj Allianz to provide insurance to customers buying smartphones from its platform. Insurance Regulatory and Development Authority (IRDAI) gave Flipkart the license to go on a pact with Bajaj Allianz General Insurance for the scheme. According to the scheme, Customers who buy the plan will be offered either a cash payout, or a free pickup, service and drop facility if their devices get damaged or stolen. The minimum insurance price for the scheme is Rs. 99 for a year which will be operational the day the device is delivered to a customer. The insurance offering will be available from October 10, 2018.