Ola has recently announced the launch of a comprehensive in-trip insurance program, customized for its driver partners across India. To make for a locally relevant and more robust insurance program, Ola has designed it with feedback and recommendations from driver partners themselves, and has added a variety of features to truly build a first-of-its-kind risk cover. Ola has partnered with Bajaj Allianz to launch this innovative program designed to benefit both, driver partners and their families.
“Chalo Befikar” insurance will be provided to all active driver partners on the Ola platform offering a cover of up to Rs.500,000. Unlike traditional life insurance programs, this comprehensive scheme also provides daily benefits in case of hospitalization that cover business losses, apart from taking care of outstanding car loans and children’s education. Today, a majority of driver partners across India do not have access to comprehensive medical insurance, or even a life insurance cover; Ola’s insurance program is thus aimed at alleviating the financial burden for driver partners and their families.
Speaking on the launch of the insurance program, Vishal Kaul, Chief Operating Officer, Ola, said, “Over the course of this year, we have spoken with thousands of driver partners across the country to understand their needs to build a policy that better addresses their needs. This new program illustrates how a company can leverage local intelligence and work together with its beneficiaries to create an offering that is extremely relevant, but unavailable so far in the traditional structure. This policy also ensures that a crucial aspect of their children’s future – education, is not compromised despite an unfortunate incident.”
Commenting on the same, Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance Company, said, “We are delighted to take our partnership with Ola to the next level, with a comprehensive insurance cover for all its cab drivers. These drivers are partners of Ola and it is critically important to financially protect them against a possible accident. I am confident this is a step in the direction to ensure the entire driver partner ecosystem of Ola is protected and insured.”
Ensuring ease of access and utilization, Ola has also created a special hotline for all its driver partners, where all queries and claims can be sought by calling 022 62613345.