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Insurtech PolicyStreet collaborates with KiddoCare in Malaysia

Women's Tabloid News Desk
Women's Tabloid News Desk

Acknowledging the contribution of Gig workers, the insurtech giant, PolicyStreet has collaborated with Kiddocare, a Khazanah-backed on-demand care services platform, to bring in Kiddocarer Protect +, an exclusive insurance policy. 

Through Kiddocarer Protect +, the babysitters at Kiddocare are covered during their travel to their workplace and also at the workplace, ensuring their safety at all times. The collaboration underlines the need for protecting women workforce and also cements Kiddocare’s place in parents’ hearts. 

Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet said, “Our collaboration with Kiddocare underscores our commitment to serving the underserved by empowering gig workers, particularly women, to become more financially resilient. We are proud to support Kiddocare’s mission, which aligns with our dedication to ensuring financial security for all. Offering professional indemnity insurance to Kiddocarers is a testament to our commitment to instilling confidence in essential gig workers who play a crucial role in driving the Malaysian economy forward.” 

Kiddocare Founder and Chief Executive Officer, Nadira Yusoff stated, “We are very thrilled about this partnership with PolicyStreet. In line with our broader initiative to professionalize care as a career, it is important to highlight that Kiddocare takes pride in its comprehensive approach, which includes providing Kiddocarers with essential training and certification, along with offering robust financial safety nets like Kiddocarer Protect+. These measures ensure that our caregivers are equipped with the skills, knowledge, and support needed to provide exceptional care. This commitment reflects our dedication to elevating caregiving as a respected and appealing career choice in the sharing economy and helping boost economic growth for women.”

The Kiddocarers’ next of kin are also “entitled to a Dependent Child Supplement in the event of accidental death while on the job, with RM1,000 distributed for each child the Kiddocarer has, up to RM3,000 per family to ensure comprehensive financial security for Kiddocarers.”

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