Insurtech Asteya Platform Introduces New Individual Disability Insurance Product – InsuranceNewsNet

MIAMI – November 9, 2022 – (Newswire.com)

Insurtech platform Asteya today announces its newest addition to the company’s product offering, Individual disability insurance in the event of illness and accident. This new offer helps protect an individual’s income if they become too ill or injured to work with a qualifying/covered illness or injury.

New Disability income insurance helps protect a percentage of a person’s source of income and provides a monthly benefit for a period of two or five years. Benefits can be received each month as long as the insured remains disabled due to a covered illness or injury and is unable to work. Subject to purchase, an individual is eligible for this coverage as long as they are a U.S. citizen, resident, or green card holder, age 18-65, employed, or self-employed for at least 30 hours per week and earn a minimum annual salary of $20,000.

“This type of offering is a great next step for Asteya,” said Hadi Radwan, co-founder of Asteya. “Our product deployment will be gradual but voluntary. We are happy to finally be able to offer this type of Disability income insurance because it’s another layer of protection for all individuals.”

The underwriting and product teams led by Matt ZubaCOO and Chief Underwriting Officer, Joseph Khourydirector of business and product development, and LyLy HinAVP Executive Benefits and Program Management, played a central role in the launch of this product.

Asteya’s new offering is currently available to customers of Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Colombia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Caroline from the south, Texas, Vermont, Virginia, Washington, West Virginia, with additional state deployments thereafter.

“Our team works diligently to continue to launch impactful new products that aim to secure and protect people’s futures. Disability insurance in the event of illness and accident comes right after Term life insurance launch, both of which seek to protect you and your family tomorrow. As an Insurtech company, Asteya is constantly looking for ways to update and innovate its font offerings,” said Hadi Radwan.

from Asteya Individual disability insurance in the event of illness and injury policies are underwritten and issued by Fidelity Security Life Insurance Company™, Kansas City, Missouriand administered by Risk insurance and reinsurance solutions. For more information about Asteya, its products, and when its new offering will be available in your state, visit www.Asteya.world.

Contact information:

Asteya

[email protected]

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