TruStage unveils digital lending insurance product

Insurance
08/10/2023 News

TruStage, a seasoned financial services provider, has introduced Payment Guard Insurance, a digital lending insurance product designed to promote financial resilience for lenders and borrowers. Recognized as a Finovate Awards Finalist, Payment Guard Insurance acts as a safety net, protecting borrowers from potential loan defaults due to covered job loss or disability.

Key Points:

• Unique in Digital Lending: Payment Guard is accessible to digital lenders across various sectors, offering borrowers instant protection upon loan funding. It's budget-friendly and seamlessly integrated, requiring no extensive coding.

• Borrower Confidence: Payment Guard provides a layer of protection for borrowers facing covered job loss or disability. The aim is to help lenders attract borrowers, strengthen their portfolio's performance, and reduce time spent on collections.

• Collaboration with Industry Leaders: Happy Money and Zirtue are among the first platforms to integrate Payment Guard, offering their borrowers added confidence and security.

• No Impact on Loan Terms: Payment Guard coverage doesn't affect loan terms and is backed by the TruStage digital claims team for a straightforward claims process.

TruStage's Payment Guard Insurance is an important advancement in digital lending, addressing the evolving needs of lenders and borrowers, providing financial security and peace of mind.

Related news & insights

Insurance
25/06/2024 Interview

Behind the gold: The success story of Zurich's WhatsApp claims chatbot

Rosa Narváez is Head of Service Strategy and Transformation at Zurich in Spain. She is the person behind the 'WhatsApp...

Insurance
25/06/2024 News

CNP Assurances launches Climate Risk Index for French insurance sector

CNP Assurances, in collaboration with the DIALog Chair, has released a green paper titled "Climate Risk and Impact on Insurance."...

ESG
24/06/2024 Interview

Further Insights: The future of food – Addressing overconsumption and health

The way we produce food and the way we eat poses serious problems in terms of sustainable development and public...

Digital Reinvention
24/06/2024 News

Commonwealth Bank of Australia launches CommBank Smart Health for Pharmacies

Developed in collaboration with Scrypt Ventures, this innovative omni-channel solution aims to enhance how patients pay for their medications and...

Insurance
21/06/2024 Interview

NewTech Friday: Bluezone Insurance – Improving the lives of people with chronic health conditions

Karan Mehta, Founder & CEO at Bluezone Insurance, tells Qorus' Boris Plantier about his company, a specialist life insurance provider...

Insurance
20/06/2024 Interview

SWINZ: Award-winning insurtech giving insurance 'back to the people'

Didier Muréna is the co-founder of SWINZ. He won silver at the Qorus Innovation in Insurance Awards 2024 in the...

Insurance
19/06/2024 Study

The Qorus Innovation in Insurance Awards trends 2024

Whether harnessing the latest technological advancements like generative AI or the metaverse, or addressing customer or employee needs directly, the...

Insurance
19/06/2024 News

Crédit Agricole Assurances introduces new eco-friendly home insurance

Crédit Agricole Assurances is expanding its offerings with a new home insurance policy that is more accessible, customizable, and environmentally...