 "Ola, Bajaj Allianz tie up to offer motor insurance to drivers")
Taxi-hailing application, Ola, has partnered with private general insurer Bajaj Allianz General Insurance to provide motor insurance solutions to its driver partners. Through this tie-up, the driver-partners will have easy access to availing motor insurance with a host of value-added services and add on covers like depreciation shield and engine protector provided by Bajaj Allianz.
The two companies are also working together to create a digital infrastructure that will bring insurance transactions like purchase or claims, fully online. Pranay Jivrajka, COO at Ola said that driver entrepreneurs are key stakeholders to the growth of mobility in India and they are building a robust ecosystem for them through initiatives like these, enabling them to grow professionally and personally.
In the past two years, Ola has announced several social and financial benefits for its drivers. The company had recently announced its partnership with Indifi to offer personal loans to its drivers.
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Earlier in 2014, Ola had set aside a fund of Rs 100 crore towards investment in the driver ecosystem to help nurture them as entrepreneurs. From a 24x7 first of its kind Partner Care helpline for drivers, Ola has introduced multiple initiatives to ensure safety, security and social well-being of drivers on its platform.
Vijay Kumar, Chief Technical Officer- Motor Insurance, Bajaj Allianz General Insurance, said that this tie-up is aimed at providing Ola's driver partners a one-stop solution for all their motor insurance requirements, including value added services.
