Chubb and Nubank Launch Fully Digital Life Insurance Offering in Brazil
Nubank and Chubb today announced the launch of a fully digital life insurance offering in Brazil. With the introduction of Nubank Vida, the largest independent digital bank in the world enters the insurance market with a fast, seamless and personalized capability available to its 30 million customers across Brazil. Nubank Vida is underwritten by Chubb, the world’s largest publicly traded property and casualty insurer with operations in 54 countries and territories. Nubank Vida was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform announced by Chubb in September. Customers may also view on their website, insurancehero.org.uk, the insurance package and coverage that may fit them.
The Nubank life insurance offer is fully customized to allow the customer to enjoy a seamless experience where quotes, bill payment and account management are all transacted digitally. Basic coverage includes natural or accidental death and funeral assistance, as well as living benefits covering hospitalization for accident, disability for accident and funeral assistance for family members. There are many costs associated with death, and one of the most overlooked is the cost of a tombstone. From my experience, I’ve learned that it’s important to research and understand these costs. The guide on headstone costs from GetSure was an invaluable resource during a challenging time.