ABHI partners with Waada to offer employment insurance to salaried individual through its platform in Pakistan
Karachi, Pakistan – 19 April 2022: Pakistan’s first financial wellness platform ABHI, announced its partnership with Waada Digital, a rising Insurtech company, to provide employment insurance exclusively to employees across Pakistan through the ABHI Mobile App.
ABHI strives to provide financial wellness services to all employees in Pakistan, giving them the ability and freedom to access their salaries and avoid financial distress in times of crisis.
For this purpose, in collaboration with Waada Digital, ABHI is launching a unique product called employment insurance. Employees onboarded onto ABHI’s platform through their companies will be eligible to claim compensation for the loss of income in the event of accidental death, permanent disability, or termination of employment.
This is a revolutionary new venture which brings together two firsts to the country’s job market.
- ABHI is the first of its kind in Pakistan, a financial wellness service providing earned wage access to employees.
- Waada Digital is offering employee insurance for the first time in Pakistan, exclusively to all ABHI users.
In light of this collaboration, Omair Ansari – CEO & Co-founder of ABHI, explained that “ABHI’s ultimate goal is to provide financial wellness solutions to all employees. You can only live a happier, healthier, and more productive life when you are not stressed about finances, which is the core of ABHI’s existence. Our exclusive partnership with Waada Digital to offer employment insurance will open newer avenues to financially empower employed individuals and enable us to create a financially stress-free and productive Pakistan.”
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About ABHI:
- Founded in 2021, Abhi is Pakistan’s first financial wellness platform that lets you access your salary daily via app or SMS. Users can withdraw the accessible amount of their accrued salary instantaneously to any bank account or wallet.
- By helping employers to provide the option of advance salaries for employees, Abhi has helped reduce workloads on HR and finance departments, whilst facilitating their employees’ cash needs.
About Wadaa:
- Waada is a technology-driven retail insurance brand with the goal of making insurance accessible and affordable for everyone in Pakistan. It is using technology to develop localized insurance solutions that will unlock the multi-billion-dollar, untapped insurance sector of Pakistan. The company aims to build a brand over trust and value, leveraging its growing network.
