Retail

Acko General Insurance partners with DriveU to provide trip cover for car owners


BENGALURU: Digital insurance company Acko general Insurance has partnered with on demand driver service DriveU to launch an insurance product to provide trip cover for car owners who hire their drivers to drive them to their destinations.

In a statement to the press, the company said that the insurance product covers all forms of local travel such as commute to work, shopping and others as well as outstation rides. The proposition includes cover for any damage to the vehicle done during the ride up to a limit of Rs. 10,000 or 20,000 depending on the value of the car. It further offers an insurance cover towards medical expenses, medical evacuation and hospital stays in case of injury to the passengers and the driver.

By availing the product, the car owner’s existing no claim bonus and insurance policy on their car can remain unutilized and undisturbed.

“Acko plans to continue introducing such innovative products which ensure that consumers secure different aspects of their daily activity, in an easy, frictionless and seamless manner. Our partnership with DriveU is just another example of integrating insurance into the daily lives of consumers,” said Kulin Shah, vice president, partnerships at Acko.

The pricing for the DriveU Secure insurance products would vary from Rs 10 to Rs 40 depending on the type of vehicle and nature of the trip. The damage cover offered for SUVs and luxury cars, is much higher than the cover offered for hatchbacks and sedan cars. The DriveU Secure insurance for passengers covers death and hospitalisation and also provides a cover for loss of baggage. For outstation trips the insurance provides protection for home content against fire and burglary. The driver policy offers death and disability covers.

“While DriveU provides a cost-effective alternative to having one’s own private driver, having an add-on, optional trip insurance would offer the peace of mind to our users. The DriveU Secure product adds a layer of security and protection that makes booking a driver an even more compelling proposition,” said Rahm Shastry, chief executive officer, DriveU.





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