Why health protection matters for gig workers & small business owners

In today’s increasingly open economy, more individuals choose flexible and independent careers. Whether gig workers, small and medium-sized enterprise (SME) owners, or freelancers, they enjoy the freedom of managing their own time, control over their income, and the opportunity to pursue their passions. However, behind these advantages lie significant risks–among them, the absence of a stable income and lack of employer-provided benefits such as health coverage or retirement savings. 

Imagine a scenario where a freelance writer is suddenly diagnosed with a chronic illness or a food delivery rider gets into an accident while working. Without self-employed health coverage, they may be forced to bear a high medical cost or lose their entire source of income. This highlights the growing importance of Takaful protection in today’s modern world. 

This article explores the significance of Takaful coverage for this group and how it can serve as a reliable safety net.​

1. Understanding the financial vulnerable of Gig workers and SME owner

Unlike the salaried employees, this group often faces inconsistent income. They also do not receive employer contributions for EPF or company-sponsored medical plans which makes them more vulnerable in the event of emergencies such as accidents, injuries, or serious illnesses. 

What’s more concerning is that many of them do not have sufficient emergency savings to cover medical expenses or daily costs during periods when they are unable to work. This situation places a heavy financial burden on them and their families. This highlights the critical need for health protection coverage for them. 

2. The role of takaful in providing financial security

Takaful is a cooperative protection scheme rooted in community values. Participants pool their contributions into a shared fund, offering support to any member facing hardship.  

This concept of mutual assistance is ideal for gig workers, especially those who value ethical, Shariah-compliant financial solutions. It provides small business protection in a way that’s accessible, inclusive, and practical for modern life. 

3. Tailored protection for flexible workers

Today’s Takaful plans are no longer limited to large corporations or the wealthy. With micro plans and flexible options, coverage is now within reach for gig workers, freelancers, and small business owners.

A selection of different plans with key benefits as follows: 

• Death, Total and Permanent Disability or accidental death payout.
• Daily hospitalisation allowance.
• Coverage for critical illnesses such as cancer, heart attack and stoke 

These plan are easy to join, affordable in term of mothly contribution and tailored to suit the user's budget. They provide practical and affordable health protection for those who need it most.

Peace of mind for you while you work hard for your business

Choosing Takaful is not just about protection for today–it’s also about planning for the future. You never know when misfortune might strike, but you can be prepared starting now. By taking a wise step today, you’re not only protecting yourself but also your family and your livelihood. Takaful protection is a form of responsibility–to yourself and your loved ones.

If you’re looking for tailored protection designed for gig workers, freelancers, and SMEs, Great Eastern Takaful Berhad offers a comprehensive Takaful plan easy to sign up for, Shariah-compliant, and provides coverage for unexpected situations. Contact us today and learn how you can start protecting your future.