Uber offers insurance for riders, drivers in BD

FT ONLINE

For the first time in Bangladesh, the world’s largest on-demand ridesharing company Uber on Wednesday launched insurance program for its riders and drivers.

The policy will provide both riders and drivers with free coverage for accidental death, permanent disablement and hospitalisation in case of an accident while on-trip using the Uber App, said a press release.

The coverage offers include Tk 2 lakhs in the event of accidental death, up to Tk 2 lakhs for permanent disability and up to Tk 1 lakh in the event of hospitalisation, said the release.

“This announcement is a reflection of our efforts to meaningfully impact and improve the Uber experience. We are deeply humbled by the love and support we have received from our rider and drivers in Bangladesh and this announcement is a reiteration of our commitment to them,” said Prabhjeet Singh, Regional General Manager of Uber.

As ridesharing concept becomes more popular and embraced by more and more people, this first-of-its-kind insurance policy will be a pioneer in shaping the future of the industry, he added.

The unique insurance cover will be offered for free to the drivers as to give them peace of mind while enjoying the flexibility of independent work, it said.