Igloo ties up with AhaMove

Saturday, Nov 27, 2021 11:10

Singapore-headquartered and Southeast Asia-focused insurtech Igloo has tied up with AhaMove, a Viet Nam delivery platform, to develop three new insurance products.

Specifically, the three products, including hospital cash allowance, motor insurance and transit insurance, are designed for over 120,000 riders and two million customers.

The products come on the heels of AhaMove and Igloo’s personal accident cover for AhaMove’s drivers launched in May this year, bringing the total of products offered to four.

In light of the complicated COVID-19 situation across the country and recognition of the challenges of its drivers, AhaMove and Igloo are committed to supporting the health and financial well-being of AhaMove’s drivers. Over the next three months, 3,000 drivers who purchase hospital cash allowance plans will enjoy a 60 per cent discount.

Under the insurance plan which is underwritten by UIC Insurance, drivers are entitled to an allowance for daily hospitalisation due to the impact of the pandemic up to 50 days a year and a one-time sum insured for surgical allowance.

Drivers can choose from three plans starting from as low as VND45,000 per month, with hospitalisation allowance of up to VND1 million a day.

Nguyen Huu Tu Tri, country manager of Igloo in Viet Nam, said: “We are happy to partner with AhaMove to develop three unique products that address the current pain points experienced by AhaMove’s drivers. Goods delivery services and delivery drivers have played an essential role in our lives, especially when COVID-19 cases in Viet Nam are still high.

"With Igloo’s speed-to-market approach, we were able to design solutions that address the current situation just within six months. Moving forward, Igloo will actively explore possible strategic partnerships to offer protection solutions for locals in Viet Nam.”

Earlier this year, Igloo and AhaMove launched a personal accident plan in Viet Nam to provide insurance designed specifically for the unique risks that delivery drivers face in their daily work. The insurance plan covers drivers up to VND200 million starting from as low as VND16,000 a month. — VNS

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