Urban Company, the house services company, said on Monday it’s will provide medical health insurance for its service partners by tying up with ACKO Insurance.
“Medical health insurance provides a shield against unexpected medical expenses that may throw individuals and families in dire financial situation,” said Varun Khaitan, COO and co-founder Urban Company. “To guard our service partners from such a scenario, we’re introducing a specially designed medical health insurance plan.”
The corporate’s service partners will get an insurance cover of Rs 2 lakh. The policy may even provide family medical insurance for spouse and two children and as much as 12 free medical consultations per 12 months. That is along with the prevailing Group Life and Accidental Insurance cover. Service partners without UC Plus subscription will profit from a medical health insurance cover of Rs 1 lakh, with as much as 12 free medical consultations per 12 months for self, together with the prevailing advantages of the Group Life and Accidental Insurance cover.
“ We’re excited concerning the partnership and can keep refining the advantages with more experience to make it a one-stop shop for Urban Company’s service professionals to access all their medical health insurance needs,” said Brijesh Unithan, senior vice chairman of partnerships, ACKO Insurance.
Urban Company said the insurance cover is an element its efforts to strengthen the protection net for its partners. All energetic partners on the UC platform in India are covered under the Group Life and Accidental Insurance cover. A number of the key facets covered under the policy are life insurance (Rs 6 lakh), disability cover (Rs 6 lakh), accidental hospitalization (Rs 70,000) and accidental OPD treatment (Rs 10,000),
Recently, Urban Company also announced ‘Partner Stock Ownership Plan (PSOP)’ initiative for its service partners. Under this initiative, the firm plans to award stocks value Rs 150 crore. to 1000’s of service partners over the following 5-7 years. This can enable Urban Company service partners, including plumbers, electricians, cleaners, beauticians, and massage therapists, to develop into equal stakeholders in the corporate’s growth.
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