ONDC’s insurance products to be available in 12 months

Insurance products may be available on the government-backed Open Network for Digital Commerce in the next 9-12 months, a top ONDC official told FE. The idea is to mitigate risks arising from returns and cancellations and the partners will be finalised soon, he added without giving details.

“What if I can get insurance for a small seller? We are trying to build an insurance mechanism. When you come as a network, it helps as insurance works in volume, premium reduces and certainty increases,” the official said.