News and research before you hear about it on CNBC and others. Claim your 1 week free trial StreetInsider Premium here.
MIAMI, Nov. 09, 2022 (GLOBE NEWSWIRE) — Insurtech platform Asteya today announces its newest addition to the company’s product offering, health and accident insurance. This new offering helps protect an individual’s income if they are too ill or injured to work due to a qualifying/covered illness or injury.
The new disability insurance helps protect a percentage of an individual’s source of income and provides a monthly benefit amount for a period of two or five years. Benefits may be drawn each month as long as the insured remains incapacitated and incapable of work due to a covered illness or injury. Subject to underwriting, an individual is eligible for this coverage as long as they are a U.S. citizen, resident, or green card holder, are between the ages of 18 and 65, work at least 30 hours a week, or are self-employed and make 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 rollout for the product will be gradual but intentional. We are excited to finally be able to offer this type of disability insurance as it adds another layer of protection for everyone.”
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 of Executive Benefits and Program Management, played a pivotal role in the launch of this product.
Asteya’s latest 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, followed by additional state rollouts.
“Our team works tirelessly to continue bringing new and impactful products to market, aimed at safeguarding and protecting people’s future. Health and accident disability income insurance follows directly from the introduction of term life insurance, both of which aim to protect you and your family tomorrow. As an insurtech company, Asteya is constantly looking for ways to update and innovate its policy offerings,” said Hadi Radwan.
Asteya’s individual disability income insurance plans for illness and accident 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 the latest offering will be available in your state, visit www.Asteya.world.
Contact information: Hadi Radwan Asteya [email protected]
Image 1: Asteya insurance Disability and income insurance
This content was distributed via Newswire.com’s press release distribution service.