Tesla To Offer Life Insurance Bundle With All Future Car Purchases

Elon Musk’s electric car company has had to contend with questions with regards to how safe its vehicles are to drive after several traffic accidents involving its units resulted in death. Since then, Tesla has been cleared by government agencies of any liability stemming from these unfortunate incidents, but the company is not satisfied with that. In order to assure customers that its vehicles are as safe as they could possibly ask for, the company will be offering life insurance with future car purchase bundles.

While car companies offering life insurance packages aren’t exactly unheard of, it’s not standard practice either. This move by Tesla is basically the company’s way of putting its money where its mouth is. Musk is so confident in the safety features of future Tesla vehicles with self-driving features that he is prepared to pay up in case accidents involving his cars lead to death, Mashable points out.

Along with the life insurance plan, customers of Tesla vehicles could also avail of a lifetime maintenance plan, which will automatically make car repairs free or cheaper. Best of all, these offers don’t come with monthly fees other than what customers who got their cars on an installment basis are paying.

According to the company’s president of sales and services, Jon McNeill, Tesla has actually been offering such a package to select consumers in Asia. During its Q4 earnings calls, McNeill said that this is basically the company’s vision of the future of sales, Business Insider reports.

"It takes into account not only the Autopilot safety features but also the maintenance cost of the car," McNeill said. "It’s our vision in the future we could offer a single price for the car, maintenance, and insurance."

In any case, this is certainly a bold move by Tesla. If it works, it could even spark a revolution in the car industry.