The Market Monitor Minding the Nation's Business
Grab Philippines and motorcycle taxi platform Move It teamed up with AXA Philippines and PhilPacific Insurance Brokers & Managers, Inc. to enhance the social protection of driver-partners.
The partnership offers free life insurance policies to top-performing driver-, delivery-, and rider-partners. This builds upon the existing insurance coverage provided to partners as they engage in ride bookings or deliveries. Grab Philippines is the first on-demand service platform in the country to provide free life insurance for its top-performing driver- and delivery-partners. This driver-support initiative has been available since 2016.
This initiative, a key component of the comprehensive incentive programs Ka-Grab Rewards and Ka-Move It Rewards, provides enhanced financial security for participants and their families.
“We believe that the hardworking individuals who move our cities and communities forward every day deserve more than just livelihood – they deserve security, protection, and peace of mind. Through this partnership, we are strengthening the gig economy by ensuring that our driver-partners receive fair recognition for their contributions while also having access to protections that help them navigate life’s uncertainties,” Grab Philippines country head Ronald Roda said.
The collaboration with AXA Philippines and Philinsure ensures comprehensive coverage and support for tens of thousands of top-performing drivers with the free insurance policy – valued up to P1-million – encompasses crucial aspects of social protection, including life insurance, accidental insurance, disability coverage, and even terminal illness.