Loan Protection
Loan insurance to cover accidental death or total permanent disability of borrowers, minimising loan risks for money lenders.
Insurance product
Protection tailored to your users' lifestyles
Offer personalised coverage to loan borrowers for accidental death or permanent disability to mitigate risks of offering loans while increasing revenue per loan disbursed. Leverage Igloo's insurtech solution and integrate directly with your online loan platform, mobile app, or bundle offline with your loan services.
Loan insurance protection plans are configurable to your borrower profiles
Personal motorcycle protection
Debtor protection
Business loan protection
Commercial property insurance
Credit life insurance
Critical illness insurance
Student loan protection
And any other situations to transfer risk out from your money lending business operations
Mitigate loan risks
Providing loans to businesses and consumers have unprecedented risks arising from unexpected events that can incur unrecoverable losses. Adding loan protection as an additional risk mitigation layer is a win-win for all parties.
Less operational headache, more revenue and assurance
Adopt a proven end-to-end insurtech solution and let Igloo and its insurer partners handle any operations and administrative work.
How partners are embedding loan protection plans into loan disbursements
Use casesOffer as a bundled value-added service
Options for opt-in or opt-out or even bundled with loans made offline and in-person. For bundled, the customer perceives it as a value-added service.
Embed in the loan disbursement step
Options for opt-in or opt-out during the online loan disbursement process for seamless transaction
We’ve helped these partners protect their consumer and MSME loans
Speak to us to learn how we can customise a loan protection solution that works for your business and customers.
Learn how Igloo can help integrate customised insurance solutions to your platform
Igloo’s core lies in the development of full stack solutions and services within the whole insurance journey value chain. We enable our partners to provide their users with the right insurance products in the most user friendly and optimised way.
Discovery and purchase
- Optimised experience for discovery and selection of insurance products
- Transparent and easy to understand; no complex terminology and insurance fineprint
- Easy and convenient payment methods
Policy activation and management
- Frictionless policy activation and management powered by full self serve technology platform
- Authenticated access to ensure data security
- Automated payment renewal that can be switched on and off based on preferences
Claims management
- Online claim submission for expedited processing and reimbursements
- Immediate notifications of claim and reimbursement status updates
- Multi-channel customer support available for assistance
Want to know more about Igloo?
Get in touch at partnership@iglooinsure.com