Grab, Southeast Asia's leading Offline-to-Online (O2O) platform has partnered with state-owned Myanma Insurance to launch a group Personal Accident Insurance (PAI) scheme which covers its drivers and passengers in the case of an accident during a GrabTaxi, GrabThoneBane or GrabBike ride in Yangon, Mandalay and Bagan. Grab is the first ride hailing company to procure a group PAI policy in Myanmar.
Grab’s group PAI policy offers coverage for drivers and passengers in the event of accidental death, permanent dismemberment and bodily injuries as a result of accidents. This coverage includes total personal accident benefits for the driver or passenger of up to US$7,500 per person, subject to aggregate limits including US$10 million per accident in Myanmar. Each incident will be evaluated individually by Myanma Insurance. Grab will provide this insurance coverage at no additional charge to its users.
Grab will assist with the claimants by collecting the necessary documents such as claim form, medical certificates, original copies of final hospital/medical bills, medical reports (if any), police report/accident report and proof of Grab booking, submitting the documents and disbursing the claim amount to the claimant. Now, every Grab in Myanmar is insured, in line with its commitment towards achieving zero preventable incidents on its platform.
“Our Personal Accident Insurance scheme is an extension of Grab’s long-term commitment to driver and passenger welfare. We are aware that many taxi drivers in Myanmar do not have life or health insurance policies and we are glad to be able to provide them with insurance coverage while they work. For passengers, they can enjoy peace of mind during rides with Grab as they will be protected under our policy from pick-up to drop-off. This makes riding with Grab a safer option compared to hailing a taxi on the street,” said Cindy Toh, Country Head, Grab Myanmar.