Grab Philippines and motorcycle taxi platform MOVE IT teamed up with AXA Philippines and PhilPacific Insurance Brokers & Managers Inc. (Philinsure) to enhance the social protection of their driver-partners.
The partnership offers free life insurance policies to top-performing driver-, delivery- and rider-partners. This builds upon the existing insurance coverage provided to partners as they engage in ride bookings or deliveries.
The initiative, a key component of the comprehensive incentive programs Ka-Grab Rewards and Ka-MOVE IT Rewards, provides enhanced financial security for participants and their families. By integrating access to healthcare and insurance policies akin to those found in formal employment, Grab and MOVE IT are setting a new standard for gig economy participants.
“We believe that the hardworking individuals who move our cities and communities forward every day deserve more than just livelihood – they deserve security, protection, and peace of mind,” Grab Philippines country head Ronald Roda said.
“Through this partnership, we are strengthening the gig economy by ensuring that our driver-partners receive fair recognition for their contributions while also having access to protections that help them navigate life’s uncertainties,” he said.
Grab Philippines is the first on-demand service platform in the country to provide free life insurance for its top-performing driver- and delivery-partners. The driver-support initiative has been available since 2016.
MOVE IT followed it with Ka-MOVE IT Rewards, which began in 2023, further extending the vital support to its rider-partners.
“At AXA Philippines, we believe that financial protection should be accessible to everyone, most especially the hardworking Grab and MOVE IT driver-partners who keep our cities moving,” said Ayman Kandil, chief executive of AXA Philippines.