Blink by Chubb, a Chubb brand, has introduced an income protection insurance offering, called Blink Paycheck, to meet the needs of freelancers and gig workers.
The new product offers benefits to help consumers fulfil their financial obligations including rent, car loans and groceries on being unable to work owing to sickness or injury.
Go deeper with GlobalData
It also gives customers the option to use the benefits as per their requirements.
Besides, gig economy platforms and digital brokers, utilising application programming interface (API) integration, can embed Blink Paycheck directly into their digital environment.
Presently rolled out in 37 states, the new proposition offers benefits of over $2,500 a month if an individual is unable to work and is under medication.
Blink by Chubb senior vice president and head Leslie Marshall said: “The nature of work shifted dramatically during the pandemic, with significant growth of the gig economy and many freelancers working without employer-sponsored benefits.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Blink Paycheck can provide gig marketplaces with a much-needed income protection safety net for their providers and independent workers in the event they are sick or hurt and can’t work.”
Blink Paycheck is underwritten by Combined Insurance Company of America, a Chubb company.
Comprising a suite of Chubb-backed consumer insurance offerings, Blink helps a company’s affinity and digital broker partners improve their products and services.
Earlier this year, Hippo unit First Connect Insurance Services partnered with Blink by Chubb to provide personal cyber insurance protection to independent agents participating in First Connect’s insurtech marketplace platform.
