May 16, 2016

New usage-based insurance launched for GrabCar drivers in Singapore

A motor insurance policy, whereby private car for hire drivers will be able to pay for their insurance according to milage clocked in on paid trips, was announced for GrabCar drivers on 11 May with the aim for savings on premiums to encourage more drivers to join the industry.

The new insurance policy called AXA Pay-As-You-Grab was launched by transport app Grab in collaboration with AXA Insurance Singapore. It is a usage-based policy and is applicable to private car for hire drivers who drive under the GrabCar chauffeur service.

Read more: Citizen Online
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