OlaMoney partners Religare to offer Rs 3-a-day hospital cash cover

This is the first time Softbank-backed Ola is entering the health insurance space

Ride-hailing firm Ola is rolling out a health insurance solution in partnership with Religare Health Insurance, through its financial services arm, OlaMoney. The tie-up marks Ola’s debut in the health insurance space.

The OlaMoney-Religare Hospicash, which allows policyholders to claim Rs 5,000 per day of hospitalisation, will be available to all registered Ola users and can be bought directly on the company's app.

The policy, which costs as little as Rs 3 per day, is available as both, as individual and a family plan, and can be purchased monthly or for a period of one year renewable thereafter. The product