Business »  Topic »  Sandbox: Bajaj Allianz General gets nod for health co-pay, pay-per-use motor insurance

Sandbox: Bajaj Allianz General gets nod for health co-pay, pay-per-use motor insurance


Under the sandbox method, entities can launch and test a product with a select group of people for a period of six months.

Private non-life firm Bajaj Allianz General Insurance has received approval for two proposals for health and motor insurance proposals under the regulatory sandbox. These include 'co-pay' under health insurance and ‘pay as you consume’ for motor insurance.

Under the sandbox method, entities can launch and test a product with a select group of people for a period of six months. Post this, the product can be commercially launched based on the pilot test response.

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