Grab Now Has Its Own Daily E-Hailing Insurance
Author Avatar


Grab Now Has Its Own Daily E-Hailing Insurance

Southeast Asian e-hailing giant Grab has unveiled its own usage-based e-hailing insurance coverage for its driver partners. Grab drivers need only pay for their Grab Daily Insurance coverage when they go online on the app at rates from as low as RM1 per day.

With Grab Daily Insurance, coverage lasts for 24 hours from when drivers come online and start driving with Grab. All Grab rides during this period will be insured, covering loss or damage to vehicles, liability to third parties, personal accidents for the driver, legal liability to passengers, and legal liability of passengers for negligent acts. The extent of the coverage varies from insurer to insurer, as does the premium – although the range of price for the premium stays between RM1 to RM2.

To opt in, drivers must ensure that their current motor insurance policy is under one of Grab’s panel of insurers. After that, drivers just need to opt-in on the app with a few taps. Once drivers have opted in, the premium for 24 hours will automatically be deducted from their Credit Wallet when they go online. The insurance coverage is activated upon the deduction of the daily premium.

Drivers who have a motor insurance policy with the following insurers can opt in for Grab Daily Insurance. Those who do not have an insurance policy on Grab’s insurance panel will have to cancel their existing motor insurance policy and convert to one of these panel insurers instead:

Under the government’s current e-hailing regulations, Grab drivers are required to get an e-hailing insurance add-on on top of their existing private motor insurance policy. Grab Daily Insurance is a flexible and affordable solution as drivers need only pay for coverage when they need it. It removes the need to pay for an annual add-on that may cost up to RM400-500 per year, which can be a heavy financial burden especially for part-time drivers.

(Source: Grab)


4 2 votes
Article Rating


Comments (2)

Notify of

Inline Feedbacks
View all comments
3 years ago

Yes, now Rm1. 06,by NOV20 is Rm2.00 n by Jan21 is RM 3.00,id blood sucker

mokhtaa akhir
6 months ago

my car insurer is MSIG.Why my daily insurance M3.90

Top Insurance Articles
Post Image
Government and Private Hospitals in Malaysia: How Much Do They Really Cost?
- 2nd January 2018
We keep hearing that government hospitals are cheaper than the private ones, but what’s the price difference really like? Keep reading to find out!
Post Image
How To Claim Income Tax Reliefs For Your Insurance Premiums
Alex Cheong Pui Yin
- 23rd March 2023
There are quite a few types of tax reliefs that you can claim to reduce your chargeable income […]
Post Image
Cancer Treatment In Malaysia: How Much Does It Cost?
- 2nd October 2018
Many know the devastating effects of cancer, but few talk about just how expensive cancer treatment costs can be.
Post Image
The Ultimate Guide to Buying Your First Insurance Plan
Desiree Nair
- 20th March 2017
Having problems buying your first insurance policy? We’ll set you straight on the know-hows of buying the most suitable insurance policy to suit your needs.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image