Project Information
Fintech Insurance Solutions
Background
Digital lending platforms provide financial support but face high default risks when customers experience job loss or medical emergencies.
Challenges
High loan default rates due to borrower financial instability.
Customer reluctance to take unsecured loans due to fear of future financial troubles.
Lack of value-added services differentiating fintech lenders.
Solution: Embedded Insurance for Fintech
Loan-Credit Life Insurance: Settles outstanding loan balances if the borrower passes away.
Loss of Job Insurance: Covers EMIs in case of sudden unemployment.
EMI Protect Insurance: Ensures uninterrupted EMI payments during illness or hospitalization.
Results
15% reduction in non-performing assets (NPA) due to insurance-backed loans.
25% increase in new loan customers due to added security features.
What Legal papers needed for opening insurance policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How EFT is used for your premium payment method?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
What is the age limit for elderly care policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How to claim a policy amount from you?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
Service Options
1
Documentation List
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2
Application submission
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3
Inspection
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4
Release Letter
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5
Premium Collection
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6
Insurance Permit
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Clients Testimonial
I have amazing experience with Sorrento. They have helped me about deciding me about my deposit insurances for future safety. Financial associates are very helpful. I will Highly recommend them.
Ashley Jonson
NewYork, USA