Business

Ola Waives Off Lease Rentals For Driver-Partners

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Ola on Tuesday revealed that it is waiving away lease leasings, similar to an EMI, for driver partners who operate cars owned by firm's subsidiary, Ola Fleet Technologies under its leasing program.

We can confirm that we are fully forgoing away lease services, similar to an EMI, for driver partners that run lorries possessed by Ola's subsidiary, Ola Fleet Technologies under its leasing program, the business said in a statement.

Driver-Partners that are currently in distress due to the temporary lockdowns to detain the virus of COVID-19, will certainly stand to profit with the decreased financial worry throughout these times, it added.Under its leasing program, Ola provides chauffeurs an alternative to take a lasting lease for an automobile by billing a deposit and a daily leasing quantity between Rs 700-Rs 1,150 depending on the city and car version leased.

At the time of leasing, Ola Fleet Technologies bills Rs 4,000 as non-refundable cost and also Rs 21,000-Rs 31,000 as refundable protection deposit depending upon the vehicle type.

Further our benefits on insurance policy for drivers and also their partners against loss of revenue due to tightening of COVID-19 along with other medical assistance during this time around, will certainly remain to be provided to all our driver-partners across the country, said the company.Earlier, the business introduced that all its qualified driver-partners as well as their spouses if detected favorable for COVID-19 shall be covered by an amount of Rs 30,000 under which they can obtain a payment of Rs 1,000 each day for a maximum of 21 days.This quantity will consist of healthcare facility and also home quarantine suggested by a qualified doctor, as accepted by the Government standards from time to time.Drivers can make an insurance claim for this settlement for themselves as well as( or)their spouse by giving ideal clinical papers.(This story has actually not been modified by TheIndianSubcontinent team and is auto-generated from a syndicated feed.)




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