Launch · Financial Services

Navi launches motor insurance vertical

By Startup Enthusiast · 17 March 2026

What they do

Navi offers UPI, mutual funds, health insurance, loans, and now motor insurance

It launched car and two-wheeler policies via its general insurance arm with a zero-commission model

The move comes after its lending business faced an RBI pause on new loan sanctions in late 2024

Navi launched a motor insurance vertical through its general insurance arm.
It offers car and two-wheeler policies including comprehensive, own-damage, and third-party covers.
The model is zero-commission: no agents, brokers, or dealers; it sells directly to customers.
Add-ons include zero depreciation, roadside assistance, engine protection, and EV-specific coverage.
Claims are handled in-house via a proprietary digital system, without third-party administrators.
The purchase journey is paperless with instant policy issuance and digital document storage.

Navi's lending business faced an RBI pause on new loan sanctions in October 2024, lifted in December 2024.
Direct competitors include Acko General Insurance and Go Digit General Insurance.
The launch expands Navi's financial services beyond loans, mutual funds, and health insurance.

Navi offers UPI, mutual funds, health insurance, cash loans, home loans, and loan against property.
Cash loans go up to ₹20,00,000 with interest up to 26% and repayment up to 84 months.
Loan against property goes up to ₹5 Crore with interest up to 22% and LTV up to 70%.
Health insurance provides cover up to ₹1 Crore with monthly price starting at ₹522.
Mutual funds include Nifty 500 Multicap 50:25:25 Index Fund and BSE Sensex Index Fund, starting at ₹100.
UPI offers instant transfers and rewards on payments.

Product: Consumer-facing digital financial services platform with UPI payments, loans, mutual funds and insurance.
Customers: Indian consumers seeking everyday payments and personal finance products.
How it makes money: Earns from financial product distribution, lending activity and related service fees.
What sets it apart: Vertically integrated platform spanning payments, lending, investing and insurance.
Operations: Operates through Navi Finserv, an RBI-registered NBFC, for lending and related financial services.