Asteya Introduces New Individual Disability Insurance Product, Individual Sickness and Injury Disability Insurance, Launched in 33 States: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Indiana , Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Washington, Virginia -Western, with other states to come.
MIAMI, Nov. 09, 2022 (GLOBE NEWSWIRE) — Insurtech Platform Asteya today announces its newest addition to the company’s product offering, individual disability insurance for illness and injury. 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.
The 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 income of $20,000.
“This type of offering is a great next step for Asteya,” said Hadi Radwan, co-founder of Asteya. “Our product rollout will be gradual but intentional. We are pleased to finally be able to offer this type of disability income insurance as it is another layer of protection for all individuals.”
The underwriting and product teams led by Matt Zuba, COO and Chief Underwriting Officer, Joseph Khoury, Chief Business Development and Product Officer, and LyLy Hin, AVP Executive Benefits and Program Management, played a pivotal role in launching this product .
Asteya’s new offering is currently available to customers in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri , Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Washington, West Virginia, with additional state deployments by the after.
“Our team is working diligently to continue to launch impactful new products that aim to insure and protect people’s future. Disability Health and Injury Insurance follows the launch of Term Life Insurance , both of which are aimed at protecting you and your family’s tomorrow. As an Insurtech company, Asteya is constantly looking for ways to update and innovate its policy offerings,” said Hadi Radwan.
Asteya’s personal injury and health disability insurance policies are underwritten and issued by Fidelity Security Life Insurance Company™, Kansas City, Mo, and 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.
Disability and income insurance
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