In a bid to assist its drivers in complying with new ride-hailing regulations, Grab has introduced its Grab Daily Insurance (GDI) – a usage-based motor insurance and takaful created in partnership with 14 insurers in the country. This provides a value-for-money option for drivers who, under new laws that came into force on July 12, have to add a specific “e-hailing” motor insurance/takaful on top of their existing coverage.
Grab estimates that purchasing conventional yearly coverage will cost drivers an extra RM400 to RM500 upfront. With GDI, they will be able to purchase the additional insurance at between RM1 and RM2 per day, giving them the ability to pay only for what they need. That’s useful, especially considering the fact that around 80% of them drive part-time, supplementing their monthly income by up to 37% on average.
Drivers will be able to opt into the service when they go online via their driver app, with the money being deducted from their GrabPay Credit wallet. The coverage will be valid for 24 hours, with all rides within that period being covered by the ride-hailing insurance.
The policy covers covers vehicle loss or damage, passenger and third-party liability and personal accident coverage throughout the driver’s time under the employment of Grab. Drivers will need to ensure that their existing motor insurance or takaful coverage is already being provided by one of Grab’s panel of insurers.
“The introduction of GDI is yet another way we’re enhancing and setting the standard for the transportation industry in Malaysia, making our platform even more accessible and inclusive as a source of income for Malaysians,” said Grab Malaysia country head Sean Goh. “Within less than a week of being rolled out, more than 20% of our driver-partners have chosen to opt into the new e-hailing motor insurance.”
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So is this a replacement for the standard private car insurance? Does it still works in case where accidents happen when driver is off duty? And how much is the coverage considered that insurance policies with low premiums are usually low in reimbursement.
No, this is an add-on to the standard private car insurance for e-hailing purposes.
So quite pointless then. Much like the pointless trolling below.
Thank you for the unwavering support Malaysia.
RM5,000 average per month is quite common for full-time Grab Drivers. Now maybe RM3,500,
Kesian grab driver income has reduced so much in new malaysia. all hope is gone liao.
Pipu now join foodpanda liao previously earned RM1,500. RM5,000 average per month is quite common for full-time Foopanda riders
later Loke & LGE will want to tax foodpanda riders. Kesian all of them, trying to earn an honest living but got these crooked ministers come to songlap from them.
want to please taxi driver…so nanti dia orang tiada alasan minta kerajaan ban grab car because also hold permit…
kerajaan prihatin dan taxi driver warga emas, berpisah tiada… plotek one & all
Grab drivers suffer because lazy teksi drivers still like to rilaks and sembang under pokok 6 hours a day from 9am to 6pm
RM5k is gross income. After deductions of Grab commission, fuel, wear&tear and maintenance, take home is only RM2k to RM2.5k only.
Pity Grab drivers. So many regulations and increasing costs now for them.
All because the lazy abang2 teksi drivers were too jealous of Grab drivers success that they protested and amok so much until Government had to put so many regulations for Grab drivers.
Who loses? Rakyat loses because now, there are not many Grab drivers around like before. So, prices have shot up a lot.
This government can choose not to listen to these minority taxi drivers just like the last one chose not to listen when they protest outside Parliamen. Why this government -specifically Loke- need to add more unnecessary burden onto Grab drivers and thus onto the general public users? Something smells fishy if government need to put more pressure onto Grab. The previous regulatory requirements was already sufficient to ensure transparency and the welfare of Grab drivers & users are assured. No point to add more rules and regulations unless they want to kill the business.
Regulations was needed to protect the taxi business in this country. For example singapore chose to regulate the price to ensure theres not much difference in pricing so that the taxi’s can be protected.
Malaysia on the other hand is regulating the wrong thing. License and all is not going to protect taxis at all, as commercial giants like these are still gonna kill the taxi’s with their crazy promotions and discounts codes.
Meanwhile taxi’s has no chance to even fight back.
The only way for taxi survival is to evolve and adapt. They need to provide what Grab has and more. Taxi drivers can’t do this, it’s their taxi crony owners who can but do you think they will do that? Hell No!
They got their downline to make protests, and work their hands into PH Government piling on more rules to stifle Grab and other ride hailers. Who wins? Not us public transport users as our choices have been limited down, certainly not taxi drivers as they still get scorned by us, no it’s the taxi cronies that wins and the politicians in their pockets.
so you prefer riding smelly, dusty, greasy, stained rear seats in taxis rather than proper ehailing cars? try getting into a malaysian taxi car tomorrow and you will see what i mean. you’d be very lucky if the taxi A/C is working.
want to please taxi driver…so nanti dia orang tiada alasan minta kerajaan ban grab car because also hold permit…
Good lets do it
The government apparently failed to consider the the correct facts for this industry, Grab also just focus on business continuety without consider their drivers as they monopolized, taxi also relucted to improve their services, really pitty our Malaysian buddy.