News

India's gig economy is changing the rules of work and wealth. It makes it possible for us to get groceries delivered every day and important digital services provided very quickly.

With millions now deriving their primary income through flexible arrangements—ranging from food delivery partners weaving through traffic to professional freelancers managing projects from home desks—this burgeoning workforce forms the backbone of India’s digital growth story.

However, behind this gripping story lurks a significant weakness that needs immediate attention: In India, gig workers' access to insurance is still unequal, with a sizable portion remaining uninsured. leaving them at risk of financial collapse due to accidents, illness, or unanticipated income loss.

Add Zee Business as a Preferred Source

With the growth of India's digital economy, insurance is evolving from a financial commodity to a necessity for life stability. The appropriate protective priorities are clear:

An appropriately constructed term life policy is surprisingly affordable, even for individuals with variable incomes. Families can get coverage for Rs 10-20 lakh for a tiny monthly cost, which is often less than what most gig workers can earn in a few hours. It is particularly well-suited to India's substantial informal work market due to its unmatched coverage-to-cost ratio, versatility, and ease of use.

This is not only about filling the insurance gap. By protecting India's digital workers, we lay the foundation for a strong, progressive economy. Platform labor generates wealth, but it must not come at the price of basic human security.

Term life insurance should be made as essential for gig workers as the cell phones that allow them to access possibilities. Every driver, freelancer, and delivery champion needs to have the peace of mind required to advance India's next significant milestone.

— Neha Shah, Financial Consultant

Shahinvestment24@gmail.com

​About Neha Shah:

Neha Shah is a well-known financial advisor and insurance counselor who is known for her commitment to affordable financing and long-term protection options. Neha provides simply accessible insurance products that help India's young workers achieve long-term financial security and peace of mind. Neha has years of experience at the intersection of digital innovation and social impact.

This article is from the Brand Desk. User discretion is advised.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.