Ashok Leyland Launches Sarathi Suraksha Policy for Driver Safety

Ashok Leyland launches a comprehensive insurance policy, Sarathi Suraksha Policy, designed to safeguard the driver community.

The Sarathi Suraksha Policy offers coverage of up to ₹10 lakh per chassis for accidental death and permanent, and partial disability. Additionally, it includes benefits for accidental hospitalisation and offers a special education bonus for children.

Effective from June 1, 2024, this insurance plan is applicable to all Intermediate Commercial Vehicles (ICV), Haulage, and Long Haulage trucks delivered to customers without extra charges. Classified as an “Unnamed GPA (Group Personal Accident) Policy,” the Sarathi Suraksha Policy ensures inclusive protection for drivers operating Ashok Leyland vehicles.

Speaking on this significant launch, the Managing Director and CEO of Ashok Leyland, Mr Shenu Agarwal, said, “At Ashok Leyland, we deeply value the contributions of our drivers to the logistics and transportation sectors. The ‘Sarathi Suraksha Policy’ is a testament to our dedication to their safety, security and well-being. This initiative not only underscores our commitment to our drivers but also aligns with our broader vision of fostering a safe and supportive ecosystem for all our stakeholders.”

Mr. Sanjeev Kumar, President of MHCV at Ashok Leyland, expressed the company’s unwavering dedication to driver welfare through the introduction of the ‘Sarathi Suraksha Policy.’ Recognising the significance of the driver community, the insurance coverage aims to enhance their quality of life.

Ashok Leyland continues to establish benchmarks within the industry by placing utmost importance on the well-being of the driver community, solidifying its position as a frontrunner in the commercial vehicle sector. The Sarathi Suraksha Policy underscores Ashok Leyland’s dedication to the health and welfare of drivers, who are pivotal to the transport sector’s growth and advancement.

Recently, in May 2024, Ashok Leyland launched its latest dealership for Light Commercial Vehicles (LCVs) in North Delhi, marking the third such dealership in the city. Operated by the new channel partner VMT Motors LLP, the dealership boasts a comprehensive 3S (Sales, Service, and Spares) facility strategically positioned in Delhi. The facility is well-equipped with cutting-edge tools, featuring 06 service bays and sophisticated infrastructure aimed at delivering exceptional customer satisfaction. Currently, the company offers a diverse range of LCV products, including DOST, MiTR, PARTNER and BADA DOST.

On June 5, 2024, the share price of Ashok Leyland Ltd opened at ₹215.35, touching the day’s high at ₹215.35, as of 10:09 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.