Igloo Insurance, a leading insurtech startup based in Singapore, has partnered with Akulaku, a fintech company under the Alibaba Group umbrella to offer affordable gadget insurance services. This collaboration aims to provide smartphone, tablet, and personal computer protection, with Victoria Insurance acting as the provider.

Raunak Mehta, Co-Founder and CEO of Igloo, expressed that the goal of this partnership is to create an accessible and affordable insurance option for Akulaku's customers. “We believe this product will offer significant benefits to Akulaku users,” Mehta commented in an official statement.

Through the Akulaku Marketplace app, users can now find and claim gadget insurance. Premiums for the insurance start as low as IDR 29,000, providing coverage up to IDR 30 million. This collaboration streamlines the process, allowing customers to purchase protection along with their gadget purchases using their preferred payment method in a single transaction.

Victoria Insurance will cover repairs and replacements for damaged gadgets for up to one year. The insurance will cover 95% of the total cost of repairs or replacements. Customers can submit up to two repair claims and one replacement claim during the policy period. Claims can be made directly through the Akulaku app or by contacting customer service.

Herryson, Director at PT Akulaku Silvrr Indonesia, highlighted that this partnership aims to help consumers enhance productivity through accessible insurance coverage. "At Akulaku, we are committed to offering innovative and relevant solutions to our users," Herryson said.

This announcement follows Igloo’s October 2024 launch of its direct-to-consumer (D2C) platform, which offers a wide range of insurance products, including health insurance, motor vehicle insurance, and even pet insurance. With the new collaboration, Igloo continues to expand its presence in the Indonesian market, providing a valuable service for Akulaku's growing customer base.

The combination of Akulaku’s extensive fintech platform with Igloo’s innovative insurance offerings represents an exciting new step in the Indonesian insurtech landscape.

SOURCE: SWA | PHOTO: IGLOO

This article was created with AI assistance.