HL Assurance to underwrite accident cover for Singapore taxi passengers

HL Assurance to underwrite accident cover for Singapore taxi passengers | Insurance Business Asia

HL Assurance to underwrite accident cover for Singapore taxi passengers

ComfortDelGro Taxi and HL Assurance have launched an accident insurance product for taxi passengers in Singapore.

The product, known as ComfortProtect, is exclusively available to passengers who book ComfortRIDE and activate the policy via the ComfortDelGro Taxi booking app. For a premium of 30 cents, it provides coverage for personal accident such as accidental death and permanent total disability of up to SG$50,000 for 24 hours, starting from the time the passenger boards the taxi.

The policy will also provide a SG$500 cash payout if the insured tests positive (via RT-PCR test) for COVID-19 within 14 days from the date of the ride, as well as if the passenger hospitalised for a consecutive period of at least three days after testing positive for COVID-19.

“This partnership with ComfortDelGro Taxi will cement our vision to be a customer-centric general insurer to all consumers,” said Kelvin Lim, CEO of HL Assurance. “This micro-insurance built on a stackable concept, is the first in Singapore and is a milestone for both organisations as we reach out to serve our customers jointly and ensure sufficient insurance coverage, even by commuting.”

“The well-being of our passengers is a priority, which is why ComfortDelGro Taxi is offering ComfortProtect, which covers both personal accident and COVID-19 at a very affordable premium per ride,” said Ang Wei Neng, CEO of ComfortDelGro Taxi. “Unlike other ride hailing options, where 30 cents is a platform fee, this same amount that our passengers pay is for their benefit. As the only point-to point-transport operator to offer this insurance, we hope it will give our passengers peace of mind when they travel on board our taxis – and even thereafter.”