Hi grapeviners 💫
Hope you all are doing great.
So I have a question in my mind regarding this company called Jobsurance.
What do you guys think of the business model and overall use case of this company which is betting on an insurance on a job?
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This was started by my ex boss. Not sure about how this works in indian market 🥲
Ohh maybe the the ex boss is onto something new now :)
Maybe he got fired
This is not at all feasible in Indian market.. considering 99.9% employers will ask employees to resign voluntarily. There's no proof of firing/layoff - ergo no insurance payout
Ohhh but still maybe the employee could show the written thing to the insurer that hey they asked to me resign so that is also an indirect layoff
Not sure if it will pass the T&C checks. And anyways, mostly such instructions are verbal.. no one will give it in writing to avoid legal consequences
I guess it speaks volumes that they stopped the product.
They stopped the product just called them
Didn’t get you
Product is no longer available
I read the t&c carefully. Those are tricky. If only you pass all those checks, you would get your claim
Oh I see. Means the T&C would be their hidden thing to ride on the profits and sustainability?
It always is in insurance business
I wonder what they plan to do when the job market returns to normalcy say 2-3 years down the line?
Maybe change the business models a little bit or venture into other categories or maybe the situation will remain same ?
It’s a bait
This says "Aapda ko Avsar me Badalna" (Turn problems into opportunity)
May be they'll collect premium when companies are doing well (no layoffs) and turn company off when layoffa are on.
They already stopped product 😜
Time to start own business.. no other way