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  • Grab introduces new insurance scheme for driver-partners

    16 Jan 2019

    |

    2,719 views

    Grab has launched a first-of-its-kind, free insurance scheme that protects driver-partners against the loss of earnings due to illness or injury.


    Grab has announced a free Prolonged Medical Leave Insurance coverage for all driver-partners in the 'Diamond', 'Sapphire' and 'Ruby' tiers of Grab's Emerald Circle driver benefits programme. This is a first-of-its-kind insurance scheme in the industry, and automatically protects these drivers against the loss of earnings due to illness and injuries.

    The new free Prolonged Medical Leave Insurance is in line with the Tripartite Workgroup on Self-Employed Persons' recommendations, encouraging companies hiring self-employed workers to have in place such insurance programmes in order to mitigate the worker's loss of earnings in case of prolonged injury or illness. This new insurance, underwritten by Chubb, is in addition to the existing free Personal Accident Insurance provided for all Grab drivers and passengers.

    At no additional cost to them, drivers are guaranteed a daily benefit pegged to a percentage of their average daily earnings. This will be subjected to a minimum payout sum of $30 per day, up to $200 depending on their respective tiers. Grab will also be offering an exclusively priced insurance product for 'Emerald' tier driver-partners who wish to opt into the coverage scheme in the next few months.
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    • Home
    • Car Articles
    • news
    • news Listings
    • Other News

    Grab introduces new insurance scheme for driver-partners

    16 Jan 2019

    |

    2,719 views

    Grab has launched a first-of-its-kind, free insurance scheme that protects driver-partners against the loss of earnings due to illness or injury.


    Grab has announced a free Prolonged Medical Leave Insurance coverage for all driver-partners in the 'Diamond', 'Sapphire' and 'Ruby' tiers of Grab's Emerald Circle driver benefits programme. This is a first-of-its-kind insurance scheme in the industry, and automatically protects these drivers against the loss of earnings due to illness and injuries.

    The new free Prolonged Medical Leave Insurance is in line with the Tripartite Workgroup on Self-Employed Persons' recommendations, encouraging companies hiring self-employed workers to have in place such insurance programmes in order to mitigate the worker's loss of earnings in case of prolonged injury or illness. This new insurance, underwritten by Chubb, is in addition to the existing free Personal Accident Insurance provided for all Grab drivers and passengers.

    At no additional cost to them, drivers are guaranteed a daily benefit pegged to a percentage of their average daily earnings. This will be subjected to a minimum payout sum of $30 per day, up to $200 depending on their respective tiers. Grab will also be offering an exclusively priced insurance product for 'Emerald' tier driver-partners who wish to opt into the coverage scheme in the next few months.
    24.4k

    Tags

    grab grabcar driver partner driver-partner medical leave insurance scheme grab driver grabcar driver grab driver-partner grab driver insurance grab driver medical leave insurance

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