Ola is all set to roll out one-of-a-kind health insurance solution in partnership with Religare Health Insurance, helping secure focused healthcare coverage through its financial services arm, OlaMoney. The OlaMoney-Religare Hospicash will enable policyholders to claim Rs 5,000 per day of hospitalization, allowing them access to quality and timely healthcare. The policy will be available to all registered Ola users and can be purchased directly through the Ola app.

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Speaking on the launch, Nitin Gupta, CEO, OlaMoney said, “More and more consumers are forced to use their savings to pay for unplanned hospitalization expenses. With our unique Hospicash product, we aim to create seamless access to quality healthcare for millions, forever alleviating the typical hurdles that most policyholders today face. A flexible and affordable proposition, this offering protects customers who are looking for additional medical coverage, with superior benefits.”

The policy, with a premium as low as Rs 3 per day, is available as individual and family plans and can be purchased monthly or for a period of 1 year renewable thereafter. The product offers comprehensive health protection and is also a valuable addition to an existing health cover. Unlike traditional health insurance policies, which are accepted only at preferred network hospitals, the OlaMoney Religare health cover can be used to reimburse expenses incurred at any hospital across India. Key features of the product include:

1. Easy Claims: Reimbursements by simply providing proof of hospitalisation

2. Enrolment: Simple and seamless enrolment for all aged between 91 days to 65 years

3. Lifelong Renewability: Annual Policy Renewal through the Ola app

4. Coverage: Includes hospitalization for Accidents, Treatments & Critical Illnesses