BlinkSM by Chubb® announced today the launch of Blink Paycheck, a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work.
Blink is a suite of Chubb-backed consumer insurance products that the company’s affinity and digital broker partners offer to their customers, enhancing and enabling their own products and services with relevant offerings that deepen customer relationships and loyalty. Chubb is the world’s largest publicly traded property and casualty insurer.
Currently available in 37 states, Blink Paycheck provides benefits of up to $2,500 per month if a person cannot work due to an injury or illness and is under a doctor’s care.
“The nature of work shifted dramatically during the pandemic, with significant growth of the gig economy and many freelancers working without employer-sponsored benefits,” said Leslie Marshall, Senior Vice President, Head of Blink by Chubb. “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 market research found that for many self-employed workers, insurance isn’t just about protecting themselves, it’s also about providing for their family. Blink Paycheck provides freelancers and gig workers with peace of mind that they’ll have benefits that can be used to continue to meet their financial responsibilities like rent, car loans and monthly groceries if they are unable to work because of sickness or injury. One of the main benefits of income protection is the customer is in charge of how they spend their benefit.
Through the use of application programming interface (API) integration, gig economy platforms, affinity partners and digital brokers can quickly and easily embed Blink Paycheck income protection as well as Blink Cyber directly into their digital environment, providing added value to workers and digitally savvy consumers with straightforward terms of insurance coverage.
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