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Borzo, Symbo tie up to provide insurance to over 50,000 delivery partners

The firms are also exploring in-app integration of insurance services for faster, seamless and paper-less processes

The insurance regulator is currently looking into the proposal, an official said

The companies are also exploring in-app integration of insurance services for a faster, seamless and paperless process

Karthik Jerome New Delhi
Borzo (erstwhile WeFast), a global intra-city courier delivery service, has partnered with Symbo India Insurance Broking to provide medical insurance benefits to all its 50,000 delivery partners. Borzo delivery partners will have easy access to Symbo's comprehensive health insurance plans that address wellness and finances.

The partnership will allow Symbo to grow its B2B footprint, reaching a network of gig delivery workers pegged at about 7.7 million and expected to grow to 23.5 million by 2029-30. Symbo is an Irdai-registered brokerage and insurance firm that allows customers to buy plans from their favourite brands, apps and digital insurers.

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First Published: Feb 17 2023 | 6:43 PM IST

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