It's been reported that a tragic incident involving a shared bike rider has sparked attention in the shared mobility industry. A man who was using a shared bicycle was fatally injured in a car crash on HanYang Avenue, colliding with a van at the Braun intersection. This unfortunate event occurred as he unlocked the shared bike via an Alipay QR code, which also activated a riding accident insurance policy. As per the terms of the insurance, the deceased's family has now received a compensation payout of 500,000 yuan. This marks the first such claim processed under the shared bike industry's accident insurance framework.
The incident took place on the afternoon of July 3rd. The man was riding an ofo yellow bike when the collision happened. Despite being rushed to the hospital, he succumbed to his severe injuries. Since he had initiated the ride using Alipay, he was automatically covered by the insurance plan linked to the service. The policy states that in the event of accidental injury, the insured can claim up to 5,000 yuan for medical expenses. In cases of accidental death or disability, the maximum payout is capped at 500,000 yuan.
Following the tragedy, the family reached out to Alipay on July 12th to inquire about the insurance benefits. Alipay promptly coordinated with Cathay Pacific Insurance Company, which manages the policies. The insurance provider conducted a thorough investigation into the policyholder’s details and dispatched investigators to the scene of the accident as well as the local traffic brigade in Hanyang District. After confirming the validity of the policy and the circumstances surrounding the accident, the insurer determined that the case fell squarely within the scope of coverage.
By July 20th, Cathay Property Insurance Company had finalized its internal processes and released the compensation amount. The family confirmed receipt of the full 500,000 yuan compensation. The entire process from verification to disbursement took approximately two days, reflecting the efficiency of the insurance mechanism.
In response to this case, a spokesperson for Cathay Pacific Property Insurance noted that minor injuries, such as cuts and bruises, are among the most frequent claims made by shared bike users. From their data analysis, users should always inspect the condition of the bike before riding—ensuring that brakes function properly, seats are secure, and there are no defects that could lead to accidents. Additionally, cyclists need to be vigilant about avoiding collisions with vehicles, pedestrians, or obstacles like falling objects or loose debris.
According to recent figures, the number of shared bikes nationwide has surpassed 10 million, with over 1 billion rides logged so far. Insurance has become a standard feature across many platforms. However, the extent of coverage varies depending on the platform. Some providers only offer compensation for accidents related to bike quality issues, while others extend broader coverage, including personal accident insurance for riders.
This case underscores the growing importance of insurance in the shared mobility sector, highlighting both the necessity and potential complexities involved in safeguarding users' safety and financial security.
ZOOKE provides you with safe and reliable connector products, with 0.8 spacing products providing more possibilities for limited space and creating more value for the research and development and production of terminal products.
0.80 wire to board connectors,0.8 connectors,ZOOKE connectors
Zooke Connectors Co., Ltd. , https://www.zooke.com