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|21st December 2017, 09:46||#1|
Senior - BHPian
Join Date: Sep 2009
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Ola launches comprehensive in-trip insurance for its drivers
In response to rival Uber offering Insurance to the drivers on their rolls, online cab aggregator Ola launches a comprehensive in trip insurance for the driver partners in association with Bajaj Allianz. The program called Chalo Befikar will provide an insurance of Rs 5 lakh for the driver partners designed to benefit the drivers and their families who did not have any health or life insurance cover. This would reduce the financial burden on the driver partners and their families in any emergency.
Key features of this Insurance:
1) Cover of Rs 5 lakh
2) Daily hospitalization benefit
3) Cover outstanding vehicle loan obligations
4) Cover children education fee (upto Rs 24000 per year) till class 10. This would over and above the 5 lakh cover
5) Business loss reimbursement upto Rs 750 per day for 3 months in case of disability.
Its good to see cab aggregators showing the care towards its drivers.
Uber has a similar tie up with ICICI Lombard. Details in the link below:
Last edited by navin : 21st December 2017 at 13:10. Reason: typo
|21st December 2017, 10:52||#2|
Join Date: Feb 2004
Thanked: 103,431 Times
Re: Ola launches comprehensive in-trip insurance for its drivers
What they also need is general health insurance (not in-trip only). Ola can take this tie-up with Bajaj Allianz one step forward & offer health insurance to the driver & his family for a nominal (heavily discounted) monthly fee. Make it so cheap that it's hard to say no. The lower the literacy & income levels, the lesser the chance they're covered by insurance. One major illness can financially wipe out a family that is making basic $$$.
Last edited by GTO : 21st December 2017 at 11:04.
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