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CRED Forays Into Insurance Vertical

  • Fintech unicorn CRED has launched its own insurance products through its vehicle management platform CRED garage.
  • The new offering includes motor insurance with additional discounts based on credit scores.
  • CRED garage gained traction with over 4.2 Mn vehicles parked on the platform in FY24.
  • CRED plans to launch more new products to further monetize its user base.

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