Parametric Insurance for Gig Worker Income Protection

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Why is it relevant?

Food delivery drivers suffer substantial income losses during the monsoon season, especially when cyclones make landfall. Given that most families depend on daily wages, this can threaten the entire family’s livelihood for days. A “quick relief”, emergency payment can immediately be administered through the delivery platforms to help drivers get through this situation.

How does it work?

Insurance coverage pays a pre-agreed amount per beneficiary covered within in a group policy plan when a defined storm (category 1-3+) is reported in the risk area.

Who is it designed for?

Food delivery drivers in exposed coastal areas suffering income losses from storms and heavy rains.


Thomas Krapf


Ashish Trivedi

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