Get All Access for $5/mo

Ola Ties Up With Bajaj Allianz To Provide Motor Insurance To Its Drivers Getting a loan becomes easy if you're an Ola driver.

By Ritu Kochar

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ola

Prioritizing its drivers, taxi-hailing app Ola has partnered with private general insurer Bajaj Allianz General Insurance to provide motor insurance solutions to its driver partners. This tie up will allow 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.

Other than this, the two companies are also working together to create a digital infrastructure that will bring insurance transactions like purchase or claims, fully online.

PranayJivrajka, COO at Ola said, "Driver Entrepreneurs are key stakeholders to the growth of mobility in India and we are building a robust ecosystem for them through initiatives like these, enabling them to grow professionally and personally. Motor Insurance is essential for driver-partners and together with Bajaj Allianz, we are enabling easy access to driver-partners, giving them better savings, benefits and technology for the insurance they are buying."

The motor insurance solution provided by Bajaj Allianz will not only provide a cover for accidents, but will also insure theft of vehicles as well as damage due to natural and man-made calamities, besides a personal accident cover of Rs 2 lakh. Bajaj Allianz has also developed a dedicated call centre to address any policy purchase related query or claims related assistance for all Ola driver-partners.

The step by Ola comes in good spirit after their constant efforts to uplift the life of their drivers. Previously, Ola had partnered with EduKart, the country's leading education marketplace, to provide easy access to quality higher education to the families of its driver partners. Last year in December Ola also announced its partnership with Indifi, a tech startup that enables small enterprises to get financing, to provide easy access to personal loans for its registered drivers. Though this, drivers who have been with Ola for more than 6 months or those who have paid a minimum of eight EMIs of their car loan will be eligible to apply for personal loans through this partnership. Other than this, in 2014, Ola had set aside a fund of Rs 100 crore towards investment in the driver ecosystem to help nurture them as entrepreneurs.

Vijay Kumar, Chief Technical Officer- Motor Insurance, Bajaj Allianz General Insurance, said, " 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."

Ritu Kochar

Former Staff, Entrepreneur India

Ritu used to work as a Feature writer for Entrepreneur India.
Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Business Solutions

Get Down to Business with Lifetime Access to Microsoft Office 2021 for Mac for 70% Off

Unlock essential Office tools with a one-time purchase — ideal for entrepreneurs and professionals looking to streamline their workflow.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

Science & Technology

How AI-Driven Knowledge Can Build a Smarter Culture in Your Organization

AI is changing the way we share knowledge and reducing gaps that hinder collaboration and productivity. Many questions have been raised about the impact full AI integration will have on team culture. For me, it represents empowerment and an opportunity to create a continuous learning environment.