Ola becomes India's largest private micro-insurance platform

ZeeBiz WebTeam | Feb 08, 2019, 09:49 AM IST

Cab-hailing app Ola Thursday said it sold over two crore in-trip micro-insurance policies every month since its launch.  The insurance is offered in the price range of Re 1-Rs 49. 

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"Over 20 million policies have been availed by customers every month since our trial phase in April 2018 and we are thrilled with the phenomenal response that we have received across the country," Ola Financial Services, chief executive officer, Nitin Gupta said.  Image source: Reuters

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The in-trip insurance services, launched in April 2018, saw acceptance from all age groups, the company said. Also, metro cities such as Bengaluru, Delhi, Chennai and Mumbai registered the fastest adoption growth rates, it added.  Image source: Reuters

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Ola offers customers an option to buy insurance through its app when they book their ride.  Image source: Reuters

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The benefits accruing to passengers through this offering includes coverage against lost baggage, accidental medical expenses, accidental death or disability, and OPD treatment, among others.  Image source: PTI