Excelsior Correspondent
JAMMU, Jan 10: Policybazaar for Business (PBFB), the corporate arm of one of India’s largest insurance marketplace, has introduced Enroute, a platform designed to simplify marine and transit insurance operations.
The issuance of certifications and declarations, a process that was traditionally time-consuming, can now be completed in just a few clicks. The platform empowers businesses to efficiently handle their domestic and international trade requirements.
To avoid claim denials, companies and businesses must submit monthly declarations for domestic policies. They are also required to provide transit-specific insurance certificates for import and export shipments under annual marine and transit insurance policies. The manual execution of these formalities would often be cumbersome for the customer. PBFB simplifies this process with an easy-to-use platform that reduces administrative workload, enhances accuracy and ensures smoother compliance.
“Marine and transit insurance customers often faced operational hurdles due to fragmented platforms and complicated modes of declaration. The new platform is designed to benefit the customers by streamlining the entire process. They enjoy a seamless and hassle-free experience through the portal that provides clear, simplified and easily accessible information about their current policy. Businesses can now declare transits, generate insurance certificates and increase the sum insured seamlessly,” says Sajja Praveen Chowdary, Head, Policybazaar for Business.
The platform also streamlines monthly declarations for goods in transit to maintain compliance and ensure claim eligibility. When uploading the invoice or LR copy, the OCR technology read and extract all the necessary details. This saves the customer significant time and effort, as they no longer need to manually enter each and every detail.
This platform is designed to evolve with consumers’ needs, ensuring continuous improvements in usability and functionality. The software can be seamlessly integrated with one’s existing invoice generation or supply chain management systems, which eliminates the need for manual declarations and certificate generation.
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