Ostraa Introduces Real Rewards for Real People

New York-based Ostraa is live; offering free term life and accidental death and dismemberment insurance for cab drivers of Long Island City-based United Taxi Management in return for them completing a certain amount of shifts. Drivers completing 24 shifts per month are rewarded  $25k of term life insurance and $25k of accidental death and dismemberment insurance, and drivers completing 12 shifts per month are rewarded with dental, vision, pharmacy and hearing aid discount benefits.

Established in 2015 and led by Maximilian Weiner, Ostraa is a MGA on a mission to provide inclusive insurance to low- and moderate-income Americans.

Get a feel for Ostraa’s dashboard below:

Bottom Line: $8.75m in issued term life coverage since launch, aka ~350 drivers have been eligible for the benefits.