Otkritie Avto, the automotive finance arm of Otkritie Bank, introduced MultiCASCO, a remote registration insurance product developed in partnership with D2 Insurance. This marks the second low-cost offering from the company that can be issued without in-person visits. The program is designed to provide broad protection for a car at a minimal price, issuing policies either to bank customers tied to a loan agreement or to external borrowers who need coverage for a flexible term ranging from 1 to 60 months.
MultiCASCO addresses several common automotive risks while keeping total costs low. The policy protects against theft, coverage for total destruction in a collision, and damage resulting from an accident caused by a third party that does not have an OSAGO policy. The product is suitable for owners of both new and used vehicles, including domestic and foreign makes, with a vehicle age limit of up to 20 years.
Policies are issued through the Otkritie Bank website within the insurance section. No pre-inspection of the car is required, streamlining the process for customers who need quick protection. In the event of a claim, the policyholder can receive compensation up to 5 million rubles. For incidents arising from third-party fault without OSAGO, the maximum payout is 400 thousand rubles. The insurance rate is 0.21% of the insured amount each month, making it an economical option for many drivers. [Citation: Otkritie Bank]
For those seeking additional context, the program sits alongside other scalable insurance solutions that leverage digital channels to simplify purchase and management. The remote model is designed to fit the needs of modern customers who value speed, transparency, and convenience in obtaining coverage. This approach aligns with broader shifts in the insurance industry toward digital distribution, where quick quotes, online issuance, and minimal paperwork are increasingly the norm. [Citation: Industry context]
Information about the product, including coverage details and eligibility, is available on the bank’s online insurance portal. The offering illustrates how financial institutions are expanding value-added services beyond traditional lending, integrating protection plans that can be activated without in-person visits. The emphasis on a no-preinspection requirement reinforces the intent to reduce friction and accelerate coverage for drivers who seek immediate protection after acquiring a vehicle. [Citation: Bank materials]
In practice, the program enables a wide range of customers to secure reliable protection at a predictable cost. The flexible term options—from one month to five years—allow borrowers to tailor coverage to their specific financing arrangements, ownership plans, or usage patterns. This flexibility can be particularly appealing to owners of imported and domestic models alike, offering a pragmatic balance between affordability and protection. [Citation: Product overview]
Product terms and conditions, including the precise scope of coverage, limits, and exclusions, are explained through the online insurance section. The remote issuance process, combined with the absence of a mandatory pre-inspection, reflects a deliberate design to accelerate access while maintaining clear, contractually defined protections for policyholders. [Citation: Policy documentation]
Beyond the insurance itself, the program demonstrates how digital channels are reshaping the financial services landscape. By combining online issuance with a simple claims framework and transparent pricing, the offering strives to deliver a seamless customer experience that aligns with contemporary expectations for speed and clarity. The approach is indicative of ongoing trends in automotive protection products, where convenience and cost-efficiency are increasingly prioritized. [Citation: Market trends]
For more information and to view related content, consumers can explore the driving-related material available on the YouTube channel, where practical explanations and demonstrations of the coverage have been shared. This multimedia resource supports understanding of how MultiCASCO works in real-world scenarios. [Citation: YouTube content]