Protection against accidents, illnesses top delivery riders’ insurance needs

Gigacover, an independent worker insurance provider, saw its users increase ninefold since 2020.

More than four in five delivery riders in Singapore saw accident coverage as the most important insurance plan, according to a survey conducted by Gigacover, a financial platform aimed for independent workers.

This was followed by three in four delivery riders seeking income protection insurance in the face of illnesses.

With a respondent pool of 1,183 riders, Gigacover said 80% were willing to spend on insurance plans, with almost 90% adding that insurance would encourage them to take more orders.

Since 2020 the company’s users, mostly independent workers, have increased ninefold, with more than 100,000 coming from Singapore and Indonesia.