Zomato offers delivery partners pension plan for 1st time
Zomato and HDFC Pension have teamed up to launch a National Pension System (NPS) model tailored for platform-based delivery partners, making it easier for gig workers to save for retirement.
Signing up is digital and quick—just use your KYC or e-KYC documents.
The initiative was formally launched by Finance Minister Nirmala Sitharaman.
Over 30,000 delivery partners joined the scheme in 3 days
Over 30,000 delivery partners joined the scheme in the first three days, with Zomato aiming to reach 100,000 by the end of 2025.
The NPS invests your money in stocks, bonds, and government securities—historically earning between 9% and 12% per year.
Accounts are portable too: you keep yours even if you switch jobs or platforms.
Aligns with government plans for platform contributions to worker pensions
This move helps address financial security for India's growing gig workforce (expected to hit 23.5 million by 2030).
It lines up with new government plans that could see platforms contribute part of worker earnings toward pensions.
Plus, Zomato already offers free health and accident coverage to its delivery partners—another step toward better support for gig workers in India.