OUTsurance Makes On-demand Life Insurance A Reality With New ‘Selfie’ Offering

Posted on November 28th, 2017
Grow Insurance Start Technology

OUTsurance Makes On-demand Life Insurance A Reality With New 'Selfie' Offering

In another attempt to expand their services, OUTsurance announced that they have launched an enhanced app including OUTthere, an accidental death and injury cover that doesn’t require you to commit to monthly premiums.

This on-demand life insurance is available to you whether you are an OUTsurance client or not, for between one and 30 days and offers cover between R100 000 and R1 million.

Danie Matthee, CEO of OUTsurance explains, “The way OUTthere is delivered is very innovative. You could be at airport departures just about to go scuba diving or bungee jumping and you can quickly go on the app. After answering just five questions and making an immediate premium payment through a secure portal, you are covered. There are no forms, no medicals and no underwriting. We just need a selfie to prove that you are still alive and well! This instant life insurance and injury cover is in line with the OUTsurance value proposition – simple to use, value for money and innovative.”

In addition, the app allows you to get a life insurance quote in under a minute.​

OUTsurance recently launched OUTvest, an innovative retail investment service to complement its suite of direct to consumer short-term and life insurance products. OUTvest helps you to set and reach financial goals by making it easy to build personal investment plans combining sophisticated investment technology and human expertise to help make investing simple.

The OUTsurance app is available for free in the Apple store and in the Play store for android users.