Loan Protection

Loan insurance to cover accidental death or total permanent disability of borrowers, minimising loan risks for money lenders.

Insurance product
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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.

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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.

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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.

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How partners are embedding loan protection plans into loan disbursements

Use cases
  • Offer 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

lotte finance
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Speak to us to learn how we can customise a loan protection solution that works for your business and customers.

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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

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