Indonesian Fintech Companies Juro The company announced that it has insured more than 200,000 customers in just three months with its JULO Protect Plus product, a new feature built into its virtual credit card solution.
JULO is koalaThe insurance was jointly developed by Indonesian insurtech company, and Sompo General Insurance, a global non-life insurance company with 48 years of experience in Indonesia.
Launched on the JULO Cares platform, JULO Protect Plus offers gadget protection to customers’ smartphones.
JULO Protect Plus is easy to activate and protects your phone against a variety of damages, including accidental drops and theft, and the whole process can be managed through the JULO app.
With seven years in the fintech industry, JULO aims to boost financial inclusion in Indonesia through its virtual credit card.
The product provides credit lines for both cash and non-cash transactions, including e-wallet top-ups, e-commerce payments and utility bill payments.
Last year, JULO JULO EducationLending services for educational institutions; Juro HealthProviding health care financing.
Nimish Dwivedi
Nimish Dwivedi, Chief Operating Officer, JULO Group said, “We are delighted to join forces with JULO in this exciting new venture.
“Together with our strategic partners, we have launched JULO Protect Plus to ensure that our valued customers never lose access to the JULO app.
We are pleased that so many customers are already benefiting from this unique cover.”
Manoj Awasthi
Manoj Awasthi, Chief Technology Officer at JULO, added:
“To roll out JULO Protect Plus, our engineering team worked closely with Qoala and Sompo to develop a smooth, hassle-free in-app policy issuance and convenient claims process from a fintech and insurtech perspective.”
