Usually, life insurance is taken out for a longer period of time and the payable premiums are fixed. This is now set to change, because vlot, an insurtech registered in Laufen-Uhwiesen, has launched a new brokering service for life insurance. This will allow already concluded insurances to be adapted to the changing respective requirements in life at a later date.
A press release reported that the vlot platform can also evaluate the current life situations of customers. Potential insurance gaps are then highlighted by vlot, which provides tailored coverage suggestions. The benefits of old age and survivors’ insurance (OASI) are taken into account. Life insurance premiums are individually calculated by vlot: “Those who are young pay a lower premium (due to lower risk of death/disability), while anyone a little older needs less coverage (due to greater coverage by the OASI and occupational benefits),” the company explains.
For the new solution, vlot is working with Swiss Re subsidiary elipsLife AG, which is handling the contracts and benefits.
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