This article was first published on Tech in Asia, written by Deepti Sri
Singapore-based car marketplace Carro announced the launch of Covered, its AI-driven insurance and maintenance plan.
Under the new scheme, customers can pay an annual coverage fee of S$150 (US$111), which will be billed to them at the end of each month. This will replace the lump sum fee that customers often have to pay for standard auto insurance.
The insurance plan will provide coverage for all licensed drivers, regardless of age and driving experience, and charges no excess fees when drivers make a claim for an accident.
Read the full article on Tech in Asia here.