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JKOPAY partners with bolttech to launch exclusive insurance services for app users in Taiwan

Vaccine Insurance to be the first online insurance product launched through the JKOPAY app

Taipei, 6 October 2021 – International insurtech bolttech today announced a partnership with JKOPAY, one of Taiwan’s leading e-wallets, to launch online insurance services within its app. As JKOPAY’s exclusive insurance provider, bolttech’s insurance exchange will be fully integrated into JKOPAY’s app to deliver easy and convenient insurance options for users. With just one click into the app’s new insurance section, JKOPAY’s 5 million users can now access vaccine cover and a series of insurance products to be launched soon.

JKOPAY app users can complete their purchase in one seamless customer journey – from searching and comparing quotes, to choosing the right insurance coverage, and making payment – all within minutes.

Responding to the increasing demand for vaccination and related cover, a Vaccine Insurance plan will be the first product launched on the app. The vaccination plan offers JKOPAY users three different coverage options, with premiums starting from only NTD98. From 29 September to 31 October, JKOPAY users who purchase a vaccine insurance plan via the app are entitled to an 8% cash rebate on the purchase provided by JKO, capped at NTD50 and limited to only one transaction per user.

Julie Chu, General Manager, bolttech Taiwan, said: “bolttech connects insurers, distributors, and customers to make buying and selling insurance products more efficient. With our insurance exchange and JKOPAY’s large user base and well-diversified multichannel delivery network, we are one step closer to providing customers in Taiwan easy access to the relevant products to protect the things they value.”

Kevin Hu, CEO and Founder, JKO Group, said: “We are not only committed to enhancing our payment services system but also continuously partnering with established industry players to develop financial services that can fulfil the younger generation’s financial need. Working towards this goal, we are very proud to launch this exclusive partnership with bolttech, through which our app users can now access and purchase insurance products best suited to all their needs on one platform.”

Moving forward, bolttech and JKOPAY will work to launch more insurance and protection products within the app to meet customer needs, such as personal accident and travel insurance.