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Published By: The Times Of India
Published Date: 05-09-2023
Reliance General Insurance has partnered with OLA Electric to offer an extended warranty insurance product for electric two-wheeler buyers. This new coverage addresses customer concerns about battery life and performance by extending protection beyond the manufacturer's standard three-year warranty to include the fourth and fifth years while also covering performance for up to 60,000 km.
The product provides comprehensive protection for OLA electric vehicle owners, including expert assistance when needed. Anand Singhi, Chief Distribution Officer at Reliance General Insurance, emphasized that this offering serves as both a safeguard and support system for customers.
According to Ankush Agrawal, OLA Electric's Chief Business Officer, this extended warranty will deliver significant value to customers and encourage prospective buyers to choose electric vehicles, accelerating EV adoption.
Extended warranty policies typically cover replacement or repair costs resulting from manufacturing defects or poor workmanship, with Reliance General Insurance, a Reliance Capital subsidiary, providing this coverage.
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