Grab PH launches insurance solutions for driver-partners

As part of its commitment to further safeguard its driver-partners' well-being, Grab Philippines has introduced an insurance solutions program for them.

Dubbed the Grab Partner Cover Plus, the mobile app giant said that the newly-launched product is exclusively offered to Grab partners and their loved ones.

Created in partnership with BPI AIA and Chubb, the Grab Partner Cover Plus provides Grab partners that covers a range of safety and wellness solutions to problems that may impact their livelihoods.

Based on its recent survey, Grab Philippines noted that currently, only seven percent of its mobility and delivery partners own an insurance plan. Respondents cited that high premiums, insufficient understanding about the product, and difficulties in the claim process are their main reasons for not availing the product.

In a statement, the company said that the Grab Partner Cover Plus is its way to help its driver and delivery-partners get an insurance plan for themselves and their families.

Per Grab, partners can conveniently avail the program through the Grab Driver App.

The insurance offers protection from injury and medical expenses caused by accidents, payout for the beneficiaries in the event of death, and daily payment for a partner’s inability to work due to injury or sickness. Grab partners may also enroll their immediate family members as beneficiaries of the insurance plan.

As a result of Chubb’s digital integration technology platform, the enrollment, endorsement, and claims process of Grab Partner Cover Plus is also simplified and made more seamless through the Grab Driver App where they can access their personal Care Card. The entire process is cashless and hassle-free.

 “Our partners deserve to have the capability to safeguard their future while having a sustainable livelihood on our platform. We have recently rolled out our social protection program with SSS, PhilHealth, and PAGIBIG. And we are optimistic that through cost-effective insurance solutions such as Partner Cover Plus, and our ongoing insurance programs for our partners, we are providing our partners with an opportunity for a holistic and reliable protection, so they can pursue their goals and enjoy life with greater peace of mind,” Grab Philippines Country Head Grace Vera Cruz said.

Monthly payments that go as low as P125 can be automatically deducted from the driver Grab Driver App Wallet. Requests for claims can also be fulfilled through the app, while benefits are accorded via bank transfer and BPI bank pick-up.

“BPI AIA is honored to partner with Grab to address the life insurance protection gap among their partner drivers and their families. In line with our mission to make insurance easy to get and easy to have, we have provided them with a simple and accessible way to get insured digitally via the Grab Driver App,” BPI AIA Chief Executive Officer Karen Custodia.

For his part, Chubb Executive Vice President and Head of Southeast Asia Edward Ler stated: “We are delighted to further evolve our partnership with Grab and applaud their unwavering commitment to providing their drivers, delivery partners and their families with easy access to financial wellbeing protection.”

“This multi-partner alliance is a great example of the value of Chubb Studio’s single-point of integration technology – making embedded insurance just as easy for Grab and Chubb as it is for their drivers and delivery-partners,” he added.

Photos from Grab Philippines

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