Igloo partners with finance providers to tackle underinsurance in Vietnam

To date, Igloo has partnered with more than 75 companies in 8 different territories across SEA.

Singapore-based insurtech Igloo has forged partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to extend insurance coverage to underinsured communities in Vietnam. 

Igloo's alliance with Zalopay will provide Phone Screen Protection through Vietnam's second-largest e-wallet network, boasting over 14 million regular users and a vast merchant partner network.

In partnership with Lotte Finance, Igloo will introduce two new products: Income Protection Insurance and Car Physical Damage Insurance. 

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Amidst the economic downturn in the region, Income Protection Insurance offers vital financial security against job loss due to unforeseen circumstances, addressing the need to sustain livelihoods amidst widespread layoffs and salary reductions.

Furthermore, Igloo has partnered with FE Credit and OPES to offer Accidental and Liquid Damage Insurance (ADLD) through FE Credit's extensive network of over 21,000 points of sale. 

This insurance package, bundled with mobile phone instalment plans, provides coverage for device repair or replacement due to unexpected damage incidents.