GrabInsure Subsidy: Based on a May 2020 survey, the insurance ownership rate amongst Grab partners is low at an average of 13%3, with affordability of premiums being the main barrier to purchasing insurance. Grab plans to tailor a GrabInsure program to enable Grab partners to purchase insurance products at discounted rates. The range of insurance products could include life, critical illness, family-member insurance coverage and investment insurance products, and will be customized to the needs of our partners in each country. This is on top of existing region-wide complimentary insurance coverage (Grab Personal Accident Program) that covers all driver- and delivery-partners in event of accidents or death while in service on the Grab platform, subject to the terms and conditions of such coverage.