OlaMoney and Religare Health Insurance launch Hospital Cash cover, starting at ₹3 per day

Ola is rolling out a 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 enables policyholders to claim ₹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.  Through its robust platform, Ola is able to extend an essential financial product like health insurance, to millions of its consumers, helping shield them from unforeseen hospital expenses.

The policy, with a premium as low as ₹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:

  • Easy Claims: Reimbursements by simply providing proof of hospitalisation
  • Enrolment: Simple and seamless enrolment for all aged between 91 days to 65 years
  • Lifelong Renewability: Annual Policy Renewal through the Ola app
  • Coverage: Includes hospitalization for Accidents, Treatments & Critical Illnesses

Speaking on the launch, Nitin Gupta, CEO, OlaMoney said, “The financial needs of Indian customers are fast changing with the myriad of uncertainties that surround us. 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 simplicity of the product and the superiority of its benefits, has the potential to bring millions of first-timers in the country to sign up for an essential cover like health insurance. At Ola, we are committed to building products that make a positive difference in the lives of our customers.”

Speaking about the partnership, Anuj Gulati, Managing Director and CEO, Religare Health Insurance said, “It has been our consistent endeavour to make Health Insurance solutions increasingly customized & accessible for consumers, and this product is a testament of our philosophy. It is a thoughtfully designed product that effectively compliments any existing health insurance plan and even competently serves as a standalone health coverage. We believe this is a landmark initiative and we are pleased to partner with Ola as they enter a new paradigm of consumer benefits.”

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