FinanceScout24 and Toni Digital launch digital loan protection insurance

The comparison portal FinanceScout24 and the Swiss insurtech company Toni Digital are set to collaborate in the loan protection insurance arena under the Belsura brand. Together, the two companies are now offering loan protection insurance that is entirely digital. This allows borrowers to insure the monthly instalments of their consumer finance in the event of redundancy, incapacity for work or death.

At a time when economic uncertainty and accelerated changes to the professional landscape are shaping our everyday lives, insuring financial obligations is of paramount importance. Redundancy or incapacity for work can quickly become a financial ordeal. This is exactly where the new loan protection insurance from the FinanceScout24 comparison portal and the Swiss insurtech company Toni Digital comes in: under the Belsura brand, they are offering a digital shield for borrowers that not only provides security in uncertain times, but also allows convenient, affordable access to instalment protection insurance. Policies are underwritten by the insurance company Hesse Digital.

Improved efficiency and cost benefits thanks to insurtech
Following the successful launch of Belsura car insurance, FinanceScout24 and Toni Digital are launching another product that makes optimal use of the potential of insurtech, namely their new loan protection insurance. The process – from application to signature – is entirely digital. This not only provides a simple user experience, but also sets new pricing benchmarks thanks to digital process efficiency, with an insurance premium of just five per cent of the monthly loan instalment – a price advantage over the higher premiums offered by other providers. In the event of redundancy or incapacity for work, the insurance covers monthly loan instalments of up to CHF 4,000; in the event of death, outstanding liabilities of up to CHF 100,000 are covered. Belsura loan protection insurance is currently only available from FinanceScout24.

Certainty in uncertain times
Jochen Pernegger, Managing Director of FinanceScout24, emphasises the added value of its closer partnership with Toni Digital: ‘By using intelligent digital interfaces, we can quickly and easily offer our customers tailor-made loan protection insurance. Our new product is not only efficient and entirely digital, but is also a cost-effective way of mitigating the risk of being unable to repay loans in uncertain times. As an exclusive provider, we regard this as confirmation of our commitment to making life easier for our customers with useful, fully digital insurance products, such as our new Belsura loan protection insurance.’