New age insurance company, Acko General Insurance announced a partnership with DriveU, an on-demand driver service to launch trip insurance product – DriveU Secure. DriveU Secure is a trip cover for car owners who hire on-demand drivers on the DriveU platform to drive them to their destination. The insurance product covers local travel such as commute to work & back, shopping, running errands, being driven after parties, clubs and bars, airport travel, etc. as well as outstation rides, both one way and returns travel.
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 stay in case of injury to the passengers and the driver. With DriveU Secure, a huge advantage is that by availing this product, the car owner's existing no claim bonus and insurance policy on their car can remain unutilized and undisturbed.
This insurance can only be purchased from the DriveU app at the time of making a booking. The coverage period begins at the start of the ride and lasts until the end of the ride. The customer can create a claim via the DriveU app or at the Acko website by logging in with the number on which the trip is booked. DriveU Secure is live on the DriveU app and can be availed by consumers with immediate effect.
Rahm Shastry, CEO at DriveU said, “As India's leading on-demand driver service, DriveU strives to offer the best quality experience to its customers. 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 innovative DriveU Secure product adds a layer of security and protection that makes booking a driver an even more compelling proposition. We are excited to partner with Acko, given their commitment to providing users with the most cost-effective insurance product, while ensuring ease of use and a seamless experience.”
Kulin Shah, Vice President Partnerships at Acko said, “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”.
The pricing for the DriveU Secure insurance products would vary from INR 10 to INR 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 the 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.
