Bajaj Allianz launches Pay As You Consume motor insurance add-on cover

Bajaj Allianz General Insurance has announced the launch of its add-on motor insurance cover, called ‘Pay As You Consume’ (PAYC).

It is a usage-based motor insurance add-on cover, can be opted by the customer along with the basic Own Damage (OD plan) under Package Product, Bundled and Standalone OD cover. Customers can choose coverage based on their vehicle usage, further to which the premium will be calculated, i.e., kilometres driven annually.