Alliance, Dunzo Tie Up To Offer Insurance To 20,000 Delivery Partners
Dunzo delivery and Alliance Insurance Brokers have joined hands to provide insurance to the former’s national network of delivery partners. Through this initiative, Alliance Insurance Brokers is providing insurance protection to almost 20,000 delivery partners, insured on a daily basis, while they are active on the platform.
In case there is an accident, the policy offers a benefit of Rs 5 lakh to cover children’s education, and reimburse business losses and hospitalisation expenses etc. There is also an OPD (Outpatient Department) component, under which delivery partners get compensated even in cases where hospitalisation is not required and the accident can be treated through OPD consultation and medication.
Speaking on the partnership, Ankit Shah, AVP, City and Supply Operations, said, “We are a people-first organisation and partner welfare has always been a priority for us. Delivery partners are an integral part of Dunzo’s growth. The partnership with Alliance Insurance Brokers is a natural progression to support delivery partners in their times of need.”
Dunzo’s delivery partners receive coverage for the loss of income when they are hospitalized, as a result of Covid. They get insurance benefits based on the number of days they are hospitalized.
Dunzo has sponsored the entire premium for their delivery partners and Alliance Insurance Brokers ensures a smooth end to end insurance process. There is an insurance cover for death, along with Hospicash/Loss of Income, OPD, Child Education and Accidental Hospitalization expenses.
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more