Foodpanda Partners with Insurtech Startup PolicyStreet to Provide Protection for Riders
Amid the outbreak of COVID-19 in Malaysia, foodpanda has partnered with insurrtech PolicyStreet to provide additional coverage for to provide riders with additional financial support totalling to approximately RM200,000.
This means that, any delivery partner who tests positive for the virus will receive an additional RM1,000 from this initiative. And, should anything untoward happen, a death benefit of RM5,000 will also be paid out to the next of kin upon the death of a delivery partner from COVID-19.
This follows their earlier initiative to provided financial support to delivery partners impacted by COVID-19. Under the financial assistance measures rolled out by the Company, foodpanda will provide RM1,000 to any delivery partner who tests positive for COVID-19 and RM300 to any delivery partner who is quarantined due to the virus.
Shubham Saran, Head of Logistics for foodpanda, explains:
“We are grateful to have our insurance partner, PolicyStreet, to join efforts in ensuring that the welfare of our frontliners are protected. Our delivery partners’ safety and health will always come first. We are looking into providing more materials for our delivery partners and also have contingencies in place, should they be needed. We are committed to bringing the best to our delivery partners – and want to ensure a healthy and successful ride for all.”
“We are honoured to be the insurance partner for foodpanda in this challenging time and also delighted to have been able to offer additional protection against COVID-19 for all foodpanda delivery partners,” said Yen Ming Lee, Chief Executive Officer of PolicyStreet.
*The original article : foodpanda Partners with Insurtech Startup PolicyStreet to Provide Protection for Riders | Fintech News Malaysia