Insurtech companies igloo Partnered with True MoneyThe company has partnered with Thai electronic payment and financial services provider to offer insurance products directly through its application.
Through the TrueMoney app, customers can now purchase a range of insurance products, including critical illness insurance from ThaiVivat Insurance, personal accident insurance from Dhipaya Insurance, and hospitalisation benefit insurance from Tokio Marine Insurance.
These services aim to cater to a variety of lifestyle needs and provide financial protection at affordable rates.
Critical illness insurance, for example, starts from just 70 baht per month, catering to the growing demand for medical insurance in Southeast Asia.
In addition, Dipaya’s personal accident insurance plans are available from 99 baht per month, while Tokio Marine’s hospitalisation benefit insurance, which covers out-of-pocket expenses during hospitalisation, is due to be introduced in September 2024 for 899 baht per month.
Known for its focus on financial inclusion, TrueMoney offers services such as mobile money transfers and bill payments to its users.
Our partnership with Igloo will ensure critical insurance products are available to underserved populations, especially those living in remote areas.
Igloo’s experience working with fintech companies across the region, such as Zalopay in Vietnam and GCash in the Philippines, has enabled the rapid development and scaling of customized insurance solutions.
“Igloo is a game changer,” said Raunak Mehta, co-founder and CEO, Igloo.
“We are pleased to partner with TrueMoney to expand access to essential insurance products to millions of users.
“Integrating these services into the TrueMoney app will not only make insurance more accessible but also provide individuals with the financial peace of mind they need in today’s uncertain times.”
Tanyapong Thammavaranukput, Co-President of Ascend Money Company Limited, said:
“Our partnership with Igloo will enable TrueMoney to offer a range of insurance products to users on our application. The younger generation is also keen to buy insurance online and this will provide easier access to insurance products for TrueMoney users.”
Igloo brings significant expertise in leveraging technology to create customized insurance solutions, ensuring a seamless and efficient experience for TrueMoney users.”
Featured Image Credit: Free Pick
