Grab, AXA launch usage-based insurance for private hire car drivers

It's up to 30% cheaper.

Grab and AXA Insurance have launched Southeast Asia’s first usage-based commercial motor insurance for private-hire car drivers.

The AXA Pay-As-You-Grab policy allows drivers to pay insurance premiums calculated on a ‘per kilometre’ basis, saving up to 30 per cent off commercial auto insurance base premiums.

Launching first in Singapore, the regional partnership between Grab and AXA aims to have AXA PAYG to roll out to five other countries with Grab services in the near future.

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