Chile
Betterfly and Caja Los Andes create insurance that rewards for healthy activities Chocale, July 25, 2021.
Caja Los Andes and Betterfly formed an alliance to create a new life and disability insurance product. This will reward its users for doing healthy activities such as walking, climbing a hill, meditating, among others. Members can synchronise their activities with Fitness Training apps such as Samsung Health, Google Fit and Apple Health. Customers can earn Bettercoin through their healthy activities. (Text in Spanish)
Nigeria
Old Mutual boosts savings culture with insurance product
Punch, July 27, 2021.
The Old Mutual Short Savings Plan has a dynamic feature that allows the policyholder to withdraw up to 50 per cent of saved funds during the savings tenure. Customers can also keep track of their balances to ensure goals are being met.
Philippines
FWD Life Insurance covers COVID-19 and vaccine complications in affordable plans Business Mirror, August 12, 2021.
The benefit comes with every new purchase of FWD Life Insurance’s KanMend, KanLive, KanGuard or a combination of all three in one protection plan. The benefit covers in-patient treatment of diagnosed COVID-19 illness or complications from COVID-19 vaccinations.
Singapore
Introducing TRIBE by Income Coverager, July 29, 2021.
TRIBE by Income is a monthly insurance subscription-based customisable plan. It offers three different packs – Child, Essential, and Recovery. The subscription plan offers accident and illness protection together with term life insurance. The subscription plan is offered via a 3-tier pricing scheme (Small, Medium, to Large).
United States
Unum adds chronic care rider to life insurance. Coverager, July 9, 2021.
The Whole Life insurance plan can now include a new chronic care rider. The rider provides access to a financial benefit to help with expenses if a person is diagnosed with a chronic illness. If a person develops a severe cognitive impairment or loses the ability to perform two of the six activities of daily living, they likely qualify to receive the living financial benefit.