Reliance General Insurance ties-up with OLA Electric for its 'Extended Warranty Product' of two-wheelers

Reliance General Insurance, a private general insurance company, on Tuesday, September 5 announced the tie-up of its Extended Warranty Product with OLA Electric. This strategic alliance aims to transform the total ownership of OLA customers and provide them peace of mind while fortifying the company's position as an industry frontrunner, Reliance General Insurance said in a statement.

The Extended Warranty Product addresses customer concerns around battery life and performance. The battery cover offers to protect the battery life beyond the 3 years of the manufacturer warranty till the fourth and fifth year and provides performance coverage for up to 60,000 km. The comprehensive cover offers, coverage for EV components like motor, controller, charger, and battery.

Anand Singhi, Chief Distribution Officer, at Reliance General Insurance said "With the combined strengths of Reliance General Insurance and OLA Electric, this collaboration is set to expand the depth of insurance penetration within the large audience base of two-wheeler EV enthusiasts. The product offers an umbrella protection to meet the diverse needs of OLA electric vehicle owners. This product not only acts as a safeguarding pillar for OLA’s customers but also provides them with expert assistance in a quick time.”