Work Injury Compensation for Platform Workers
Platform workers are at the heart of today’s dynamic economy, providing vital services that keep communities connected and businesses running smoothly. At Etiqa, we recognise the unique challenges faced by these workers and the responsibility platform operators hold in ensuring their safety. With the Ministry of Manpower’s new Platform Worker Act, compliance is essential, but so is peace of mind. Our Work Injury Compensation Insurance for Platform Workers is designed to offer both.
What you can get
Income Protection
- Full Average Daily Earnings (ADE) coverage up to 14 days on medical leave and 60 days of hospitalisation leave.
- Continued financial support at 2/3 ADE up to one year.
Lump Sum Compensation:
- Death: Payouts between S$76,000 and S$225,000, providing critical support to families in times of need.
- Permanent Incapacity: Compensation up to S$289,000, calculated with care, ensuring fair coverage based on age, ADE, and degree of incapacity.
Medical Expenses:
Coverage up to S$45,000 or one year from the date of the accident.
Here's How It Works
Max is a private-hire car driver who also does goods delivery work. At times, he might do both tasks concurrently, i.e. picking up or ferrying a passenger to or from the same area as the collection point from which he needs to pick up or drop off his delivery goods. One day, while on his way to pick up a ride-hail passenger, and concurrently collecting a parcel for delivery, Max gets into an accident and is unable to work for 3 days. As he was performing pick-ups for both ride-hail and delivery platform work, both ride-hail and delivery platform operators will be liable for his work injury compensation.
During the lookback period (up to 90 calendar days before the accident date), he earned S$12,000 from ride-hail work, and S$2,400 for delivery work, totalling S$14,400. Max’s work injury compensation will be computed based on his earnings of S$12,000 from ride-hail as it is the higher earning service.
Based on S$12,000 earnings over 90 days, his average daily earnings would be calculated as: S$12,000 / 90 = S$133.33.
His total income payout: S$133.33 x 3 days = S$400.
Liability for work injury compensation will be apportioned between the two platform operators:
The ride-hail platform operator’s liability is S$12,000/S$14,400 = 83.3%
The ride-hail platform operator will pay
83.3% x S$400 = S$333.20
The delivery platform operator’s liability is
S$2,400/S$14,400 = 16.7%
The ride-hail platform operator will pay
16.7% x S$400 = S$66.80
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This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K), a member of Maybank Group.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This content is for reference and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.
The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
Information is correct as at 16 December 2024.
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