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Gig-work platform GigVistas partners with e-insurance platform Alyve Health to bring affordable health cover to India’s 8 million+ gig economy professions
Comprehensive group insurance plans starting at ₹999 a year, and providing up to ₹30 Lakh cover for independent contractors, freelancers, and other gig economy professionals
AI-powered gig-work platform GigVistas today announced its partnership with Alyve Health to launch comprehensive health plans for India’s 8 million+ gig economy professionals. The newly-launched plans are India’s first to cover gig professionals along with their families and are highly-affordable, keeping in mind the specific needs of independent contractors, freelancers, and gig professionals.Starting today, all members of GigVistas will be able to purchase a comprehensive and affordable health cover for themselves or their families. The plans start from as low as ₹999 per year for their families and are between 40-70% cheaper than similar products available for retail customers. The plans offer benefits including health cover of up to ₹30 lakh, and options for extending the coverage to elderly parents up to the age of 75 years. Digital healthcare including complimentary access to doctors on call and discounts on medicines and diagnostics are included in the plan.
Anilesh Seth, co-founder & CEO of GigVistas said, “We realized that gig workers and freelancers often miss out on the benefits that a full-time employee gets, especially a group health plan. Our health plans have therefore been designed by Alyve Health to match or exceed the benefits of employer-provided group health covers.”
“Today’s launch of health insurance for gig professionals is also an important milestone in our journey towards building India’s most trusted gig ecosystem that provides security for gig professionals and simultaneously enables companies to find high-quality talent for their just-in-time hiring needs,” Anilesh added.
Shashank Avadhani, co-founder and CEO of Alyve Health said, “Health insurance covers are fast becoming expensive investments . At Alyve Health, we are collaborating with the insurance and health ecosystem to create health plans that are affordable, adequate and accessible. We have an ideal partner in GigVistas to take our insurance solutions to millions of independent gig professionals in India, who are otherwise not eligible for group health covers.”
GigVistas said that members who purchase the health plans would have additional benefits of free doctor (GP) consultation on call for 12 months, discounts on medicines and exclusive access to health and wellness programs. In addition, gig professionals will be able to purchase health insurance online on GigVistas without requiring any pre-issuance medical check-ups.
According to a 2021 Boston Consulting Group and Michael & Susan Dell Foundation report, India has 8 million gig workers or professionals, and the number of flexi or gig jobs could soar to 90 million in 8-10 years. Another report by ASSOCHAM said that India has around 15 million freelance workers engaged in projects in sectors like IT, HR, and designing. In comparison, there are almost 53 million independent workers in the US.
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