Malaysia’s first professional liability coverage for babysitters, ensuring worry-free babysitting services which is in line with Kiddocare’s mission to nurture the future of care.
KUALA LUMPUR, 3 MAY 2024 — Kiddocare, a leading provider of on-demand caregiving services, has teamed up with PolicyStreet to launch Kiddocarer Protect+. The collaboration between this Khazanah-backed on-demand care services platform and the local innovative insurance technology company aims to celebrate gig workers in conjunction with Labour Day. Gig workers in Malaysia constitute over a quarter of the country’s workforce, with nearly two million of them being women, accounting for 46% of all gig workers.
Kiddocarer Protect+ is an on-the-job insurance that covers Kiddocarers, the organisation’s babysitters, during travel to and at the job location, ensuring protection throughout their work. The collaboration underscores their commitment to bolstering the financial resilience of gig workers, particularly women, who, though underrepresented, form a significant portion of the gig economy.
The insurance coverage includes Malaysia’s first professional liability insurance for babysitters, ensuring the highest standard of care for children under Kiddocare’s supervision. The professional liability benefit provides coverage of up to RM1 million for unintentional bodily injury or property damage resulting from negligence or breach of duty. This feature not only enhances the safety and trustworthiness of Kiddocare’s services for parents but also provides essential protection for Kiddocarers.
“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 liability 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,” says Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.
In addition to professional liability coverage, the on-the-job protection plan includes coverage for accidental permanent disability, second and third-degree burns, and damages to Kiddocarers’ mobile phones. 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.
Kiddocare Founder and Chief Executive Officer, Nadira Yusoff said, “We are very thrilled about this partnership with PolicyStreet. In line with our broader initiative to professionalise 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.”
To learn more about Kiddocarer Protect+ and to join as a Kiddocarer, please visit www.kiddocare.my/babysitters. This Labour Day, take a break and entrust Kiddocarers to care for your children. Check out Kiddocare and use the promo code [EXP40] for a special new user discount.
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About Kiddocare
Kiddocare is a platform that connects parents to trusted and experienced babysitters based on their preferred time and location (on-demand basis). Founded in 2018, it was initially formed as an initiative to create an ecosystem to support working parents by giving them the gift of freedom and time by connecting them with babysitters to care for their children. It is also Kiddocare’s aim to empower women who want to pursue childcare as a career or to generate extra income, by providing a platform for them to do so.
Safety, reliability and professionalism are our core values that we set out to create as a foundation to support parents by using technology to match and connect them with babysitters at the tap of their fingertips. All Kiddocarers (babysitters) undergo comprehensive background checks including criminal records, psychometric tests and a medical check-up. Kiddocarer’s also undergo training by childcare industry experts. In addition, each prospective babysitter must go through a face-to-face Interview with Kiddocare representatives.
Parents can now go to work, enjoy date nights, put their feet up and relax while they leave their child in the hands of a Kiddocarer.
For more information, please visit www.kiddocare.com.my.
For more information, please visit www.kiddocare.my.
About PolicyStreet
PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.
PolicyStreet works directly with over 40 life, general, and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.
As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.
PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as “Fintech of the Year” at The Asset’s Triple A Digital Awards and ranked as the second-highest Malaysian company in the “High-Growth Companies in Asia Pacific 2024” list by Statista and The Financial Times.
