1. Startups

Yup Paylater Platform Enters the Insurtech Line, Collaborates with Indotekno and Fuse

Through the Yup application, users can buy insurance with competitive premiums

Yup, platforms fintech under the auspices of PT Finture Tech Indonesia, today announced a strategic collaboration with PT Broker Asuransi Indotekno and insurtech startup Fuse to expand access to digital insurance in Indonesia. This collaboration allows Yup application users to purchase various types of insurance more easily and affordably.

With insurance penetration still low in Indonesia, the Financial Services Authority (OJK) has encouraged increasing financial inclusion through digital insurance.

Head of PMO & Finture Group Strategy Gandan Wiranegara said, "We are proud to be able to contribute to the OJK initiative and hope that this collaboration can increase insurance penetration in Indonesia."

Through the Yup application, users can buy insurance with competitive premiums, such as personal accident insurance with premiums starting from IDR 5.000 which provides protection benefits of up to IDR 10 million. Other products available include gadget insurance, screen protection, travel, cars and motorbikes.

Indotekno President Director Iskandar Bintoro Wibowo added, "We are committed to bringing insurance closer to the public by utilizing technology. Collaboration with Yup and Fuse allows us to provide instant policies and digital claims, enriching the user experience."

Senior Regional Director of Micro Insurance Fuse Stefani Anggadjaja, also emphasized that the integration of insurance products into the Yup platform aims to simplify the insurance purchasing process and provide consumers with more choices for financial protection.

Users can also enjoy the service pay later from Yup, with a limit of up to IDR 100 million and flexible payment options. Further information about Yup products and services can be accessed via social media and website their official.

This initiative not only strengthens the digital insurance ecosystem in Indonesia but also shows the commitment of Yup, Indotekno, and Fuse in supporting financial inclusion through innovation and collaboration.

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Disclosure: This article was produced with AI technology and supervision of the content writer
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