Ryde Extends Partnership with Singlife to Implement Work Injury Compensation Protection for Driver-Partners
Ryde Group Ltd. (RYDE)
Company Research
Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Ryde Group Ltd (NYSE American: RYDE) ("Ryde'' or the “Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, extended it’s strategic partnership with Singlife, a homegrown financial services company.Building on the RydeSafe initiative for riders, Ryde has today signed a Memorandum of Understanding (“MOU”) with Singlife and will be implementing a comprehensive Work Injury Compensation Act (“WICA”) Protection Plan for platform workers from January 1, 2025.This collaboration is a significant step in addressing the unique needs of our driver-partners. It provides driver-partners with financial security and peace of mind, ensuring they are protected against potential risks while on the road.Key Coverages:1. Lump sum compensation for permanent incapacity, current incapacity or death: When an injury or illness has a permanent effect on a platform worker's ability to work or when an injury causes death related to a
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RYDE
Sec Filings
- 11/8/24 - Form 6-K
- 10/23/24 - Form 424B3
- 10/23/24 - Form 6-K
- RYDE's page on the SEC website