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Uber, the world's largest on-demand ridesharing company, has launched insurance programme for its riders and drivers in Bangladesh.
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, news agency UNB reported Wednesday citing a press release.
The coverage offers include Tk 0.2 million in the incidence of accidental death, up to Tk 0.2 million for permanent disability and up to Tk 0.1 million 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 to the drivers for free to give them peace of mind while enjoying the flexibility of independent work, it said.