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FINANCIAL SERVICES | Staff Reporter, Singapore

MSIG Singapore pilots plan for gig workers

The policy starts from $6.89 for a weekly basic plan.

MSIG Singapore has floated Freelancer CashPlus, an insurance plan that dispenses daily cash benefits to help gig workers safeguard against income loss during hospitalisation or prolonged medical leave, a statement read.

The policy offers two plan types and starts from $6.89 for a weekly basic plan. Clients can choose from weekly, monthly or annual policy for up to 60 days of cash benefits pay-out.

Policyholders can receive a daily income benefit of $120 per day or up to $7,200 under the higher-tiered elite plan.

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