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Ola sells 2 cr in-trip micro-insurance policies per month

Press Trust of India  |  New Delhi 

Cab-hailing app Ola Thursday said it sold over two crore in-trip micro-policies every month since its launch.

"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, said.

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

Ola offers customers an option to buy through its app when they book their ride. The risk covered through this offering includes coverage against lost baggage, accidental medical expenses, accidental death or disability, and OPD treatment, among others.

The insurance is offered in the price range of Re 1-Rs 49.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 17:15 IST