JULO Shakes up Indonesian Fintech Scene with Innovative ‘JULO Cares’ Insurance Package

In a bid to provide comprehensive coverage and ongoing device protection to its users, JULO has introduced a pioneering insurance cover known as JULO Cares. This innovative offering is backed by Sompo, a global insurer with a track record of almost 50 years in Indonesia. With JULO Cares, customers can enjoy peace of mind knowing that their smartphones are safeguarded against damage or theft.

Partnership with Sompo

JULO has partnered with Sompo, a trusted and experienced insurer, to provide its users with reliable and extensive insurance coverage. With Sompo’s expertise in the insurance industry, JULO Cares ensures that customers receive best-in-class protection for their devices.

Automatic Gadget Protection

One of the standout features of JULO Cares is the automatic activation of gadget protection during transactions. This means that every time users engage in a transaction through the JULO app, their smartphones are automatically covered against damage or theft. This is a convenient and hassle-free way for customers to ensure the safety of their devices.

Accident Protection Cover

JULO Cares goes beyond just gadget protection. In collaboration with the Indonesia Social Security Agency for Employment, JULO offers an Accident Protection Cover to its users. This partnership ensures that customers are financially protected in the event of an accident, providing them with a safety net during challenging times.

Addressing the low insurance penetration rate

The development of JULO Cares is a response to the low insurance penetration rate in Indonesia, which currently stands at 2.75%. By offering comprehensive coverage through JULO Cares, JULO aims to increase awareness and accessibility to insurance services, ultimately contributing to the growth of the insurance industry in the country.

The goal of the Indonesian Government

The Indonesian government has set a goal to increase the insurance penetration rate to 3.2% by 2027. JULO’s introduction of JULO Cares aligns with this ambitious target as the company focuses on providing affordable and comprehensive insurance options to its valued users.

Commitment to Customer Satisfaction

JULO is committed to providing a unique gadget protection cover to its valued users, ensuring they have uninterrupted access to the JULO app. By embedding insurance coverage into the transaction flow itself when customers use JULO’s digital credit, JULO Cares seamlessly protects users’ devices, allowing them to focus on their financial needs without worry.

Additional Benefits of JULO Cares include

Apart from gadget protection, JULO Cares also offers an Accident Protection Cover in partnership with the Indonesia Social Security Agency for Employment. This comprehensive coverage provides users with additional peace of mind, knowing that they are financially protected in unforeseen circumstances.

Continuous Expansion of Protection Options

As part of its commitment to customer satisfaction, JULO is dedicated to continuously expanding its range of protection options under the JULO Cares platform. By regularly updating and enhancing the insurance coverage provided, JULO aims to meet the evolving needs of its users and ensure comprehensive protection for their devices and personal well-being.

In conclusion, JULO’s introduction of JULO Cares provides pioneering insurance coverage for device protection, addressing the low insurance penetration rate in Indonesia. Backed by Sompo, JULO Cares offers automatic gadget protection during transactions and an Accident Protection Cover. With the Indonesian government’s aim to increase the insurance penetration rate, JULO is committed to providing comprehensive coverage and expanding its range of protection options. Through JULO Cares, customers can enjoy peace of mind and uninterrupted access to the JULO app, knowing that their devices and personal well-being are safeguarded.

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