Grab drivers between the ages of 18 and 75 may now pay as little as 10 cents a trip to buy critical illness coverage under a new micro-insurance plan.
The Critical Illness: Pay Per Trip (CIPPT) plan, jointly launched by Grab’s insurance arm, GrabInsure, and insurer NTUC Income, offers drivers a choice among three micro premiums — 10, 30 or 50 cents a trip.
With each trip, drivers can accumulate up to S$200,000 in coverage over a 360-day period. The sum assured will depend on the drivers’ age and gender.
The list of critical illnesses which are covered under the plan include:
- Major cancers
- Kidney failure
Read more @ https://www.todayonline.com/singapore/grab-drivers-pay-little-10-cents-critical-illness-coverage-under-new-micro-insurance-plan