In response to the pandemic, WeCovr launches UK's first instant life insurance available via an app with unlimited free access to medical experts
WeCovr, has launched the UK’s first instant life insurance product available for purchase via a mobile phone app. WeCovr is available for both iPhone and Android phones.
The insurtech startup that launched last year offers a range of insurance products that the generation of millennials and other app-savvy users can buy in less than a minute right from its app – from bicycle and gadget insurance to temporary car cover, GAP, car hire excess, SME insurance and now instant life insurance. Its mission is to offer the easiest ways to get great insurance and additional benefits it comes with. Over 68% of WeCovr’s thousands of users across its products are under 35 years old.
Over 70% of the British households don’t have any life insurance. As the covid pandemic has demonstrated, many people have become wary about going to see their GPs or other medical experts in person trying to avoid it entirely if it can be done. The problem is that there are no accessible alternative solutions that are simple to use and easily available.
What WeCovr offers via its app is an ability for 17-55-year olds to purchase an instant life insurance cover with just a few basic questions, without any medical checks or lengthy forms. The cover is underwritten by one of the largest insurance companies in the world and starts from just £3.5/month. It includes free unlimited 24/7 access to a virtual GP, nutritional, fitness, mental health and even Best Doctors experts, that can be so difficult to access, yet so useful if a second opinion is needed.
The appointments in most cases are the same day. This access is given to any instant life insurance policyholder and his or her immediate family, including children up to 21 and the spouse. It is provided at no additional cost and regardless of how much life coverage has been bought.
WeCovr is an insurance technology company led by a very experienced team of insurance, finance and technology experts based in the City of London and operates under the authorisation and regulation of Financial Conduct Authority (FCA) – the independent body which regulates firms working in financial services.
To find out more about WeCovr, please reach out to [email protected] or download our app via https://wecovr.com/get-wecovr-app
Search Engine Optimization Team Lead – Kolos Digital
1 年Vladimir, thanks for sharing!
Co-founder of Advascale | A cloud sherpa for Fintech
1 年Vladimir, thanks.
CEO at Agvesto|Insurance|Sustainable Finance
4 年Great to hear Vlad! Timely intervention.
Debt Financing EMEA | Corporate & Structured Trade Commodity Finance | Loan Structuring & Execution specialist | Transaction Management
4 年Very innovative! Congrats
Founder & CEO
4 年An excellent product that is sorely needed. Great innovation!