JULO, an Indonesian fintech providing digital peer-to-peer lending, introduced that it has launched ‘JULO Cares’, an embedded insurance coverage protection.
This new providing, backed by world normal insurer Sompo, supplies machine safety for customers availing of JULO’s digital credit score companies.
All through 2023, JULO has targeted on launching new merchandise aimed toward supporting Indonesia’s underbanked and unbanked populations.
These initiatives embody JULO Turbo, which reportedly delivers on the spot credit score in 5 minutes, and JULO Training, which supplies training financing throughout any college, any school and any on-line course in Indonesia.
Nimish Dwivedi, Chief Enterprise Officer of JULO Group stated,
“We goal so as to add a layer of insurance coverage inclusion to monetary inclusion. With JULO Cares, we offer a singular gadget safety cowl to our valued customers. This embedded insurance coverage cowl will get auto-activated as a part of the transaction movement itself when clients are utilizing JULO’s digital credit score.
As soon as activated, this cowl protects their present smartphone in opposition to all types of machine harm, starting from dropping their telephone accidentally to incidents of telephone theft. With this safety, we goal to make sure that our valued clients by no means lose entry to their JULO app.”
Adrianus Hitijahubessy, CEO and Co-founder of JULO stated,
“JULO Cares presents distinctive and useful advantages to our clients. This additionally contains an Accident Safety Cowl, in partnership with the Indonesia Social Safety Company for Employment.
We’re dedicated to repeatedly increasing our vary of safety choices beneath the JULO Cares platform.”