Borzo, formerly known as WeFast, the global intra-city courier delivery service, has tied up with an insurance company to offer medical insurance benefits to all its delivery partners. This tie-up will benefit over 50,000 gig delivery partners in Borzo’s fleet and facilitate the company’s vision to offer health benefits and enrich each partner’s life.
The courier company is onboarding delivery partners aggressively in different markets as part of its expansion plans. The delivery partners will be able to choose different plans based on their needs and convenience on the insurance company’s interface.
This initiative will allow Borzo’s gig delivery partners to have easy access to comprehensive health insurance plans, aimed at well-being and financial security. The affordable products will include medical insurance of up to Rs 2 lakh starting at an affordable premium of Rs 19 per month.
The two companies will try and understand the adoption patterns of gig-delivery partners and create health-insurance policies that are best suited for the segment. All the delivery partners need to do to avail medical insurance policy is simply provide their Borzo ID to the insurance company, which will then identify the lowest minimum premium option for each delivery partner.
The option of providing in-app integration of the insurance services is also being looked into to ensure faster, seamless and paper-less processes.
Saurabh Parmar, head of operations, Borzo, India, pointed out how the innumerable gig delivery partners unaware of health-policies and have limited access to health-funds. That is why, the Company has taken the initiative to “facilitate health-insurance benefits for all the current and future partners on our platform”. According to Parmar, “This alliance is a significant value proposition for us towards one of our very important stakeholders which will allow us to help them with need-based and cost-effective health cover. Our initiatives have always been driven by the aim of creating a secure work-environment for thousands of partners and impacting their life positively. Hence, we are doing what we ought to do, looking after them.”
