Indonesian fintech firm JULO has introduced that it has supplied insurance coverage protection to over 200,000 prospects in simply three months with its JULO Defend Plus product. It’s a new characteristic embedded within the firm’s digital bank card answer.
JULO collaborated with Qoala, an Indonesian insurtech firm, and Sompo Insurance coverage, a world basic insurer with 48 years of expertise in Indonesia, to develop this insurance coverage cowl.
Launched beneath the JULO Cares platform, JULO Defend Plus gives gadget safety for purchasers’ smartphones.
JULO Defend Plus gives simple coverage activation and protects smartphones in opposition to varied types of harm, together with unintended drops and theft. Your entire course of may be managed via the JULO app.
JULO, which has been within the fintech trade for seven years, goals to advertise monetary inclusion in Indonesia via its digital bank card.
This product offers a credit score restrict for each money and non-cash transactions, similar to e-wallet top-ups, e-commerce funds, and utility invoice funds.
Up to now 12 months, JULO additionally launched JULO Schooling, a financing service for academic establishments, and JULO Well being, which gives healthcare financing.
Nimish Dwivedi
Nimish Dwivedi, Chief Enterprise Officer of JULO Group, mentioned,
“Together with our strategic companions, we launched JULO Defend Plus to make sure that our valued prospects by no means lose entry to their JULO app.
It’s gratifying to see so many purchasers already benefiting from this distinctive cowl.”
Manoj Awasthi
Manoj Awasthi, Chief Expertise Officer of JULO, added,
“For rolling out JULO Defend Plus, our engineering workforce labored with a fintech plus insurtech perspective together with Qoala and Sompo to develop a easy and trouble free in-app coverage issuance and a handy declare course of.”
