As a part of its ongoing efforts to offer accessible and inexpensive insurance coverage for all, regional insurtech Igloo, along with the Philippines’ largest cell community Good, has introduced telephone safety plans for its rising 55 million subscriber base.
This partnership not solely furthers Good’s dedication to enhancing buyer expertise but additionally highlights Igloo’s mission to offer as many avenues to gadget safety as potential for Filipinos, particularly with the nation being one of many social media capitals on the planet.
“Within the Philippines, 84.4% of the inhabitants personal smartphones, and people spend practically 4 hours every day on social media, properly above the worldwide common of two and a half hours. As a extremely related and social nation, the significance of those gadgets for communication, productiveness, and leisure is simple,” remarked Roberto Vea, Industrial Lead at Igloo Philippines. “Recognizing the important function of those gadgets and the necessity to safeguard them, Igloo has partnered with Good to introduce telephone safety plans, offering our clients with peace of thoughts.”
Good subscribers acquire unique entry to Telephone Shield the place they’ll buy a telephone safety plan with their most popular protection and period. It presents subscribers safety in opposition to unintended and liquid injury and consists of skilled restore and repair at approved facilities for the Primary tier and extra safety in opposition to losses because of theft and theft for the Plus tier.
Plans begin as low P125 for one yr protection and is likely one of the most inexpensive and complete gadget care merchandise obtainable out there.
The insurance coverage plan seamlessly integrates into the checkout course of, permitting clients to evaluate the plan particulars, related premium, and phrases and situations earlier than finalizing cost. This transparency ensures clients have a transparent understanding of the extra price and the advantages it provides to their transaction, enhancing their general expertise.
“We’re excited to increase entry to gadget safety merchandise with Good, because it aligns with our purpose to democratize and improve the expertise of defending your gadgets. We’ve labored to make each side—from buyer expertise to pricing, protection, buy, and claims—straightforward and handy. Partnering with Good permits us to achieve the widest potential viewers.” Vea defined.
The worth of partnerships in offering insurance coverage for all
Igloo and its companions’ gadget safety and cracked display screen safety merchandise have change into a number of the hottest segments within the nation, with over 15.8 million insurance policies bought by varied distribution platforms since January 2023.
From shopper finance to e-commerce, Igloo has been working to offer insurance coverage to varied sectors within the Philippines and throughout Southeast Asia. Certainly one of its most up-to-date partnerships with Skyro and Salmon offered safety entry to the underbanked phase, a lot of whom depend on digital lending firms for installment purchases.
Moreover, in collaboration with Growsari, an MSME enabler, Igloo piloted the Private + Enterprise Safety plan. This initiative goals to cowl over 200,000 sari-sari shops throughout the nation with monetary help in case of undesirable incidents arising from pure calamities, corresponding to floods from torrential rains.
“At Igloo, we imagine that to offer insurance coverage tailor-made to the wants of its market, partnerships are essential in enabling broader viewers attain whereas providing various protection choices. With our companions, we will constantly enhance and innovate our choices to function many individuals as potential,” Vea mentioned.
Igloo’s collaboration with Good and different companions is a part of its mission to increase its attain throughout Southeast Asia and supply modern insurance coverage options to just about 700 million folks within the area.
