HotViews Archive

Skip Navigation Links.
Collapse 2018 (58)2018 (58)
Collapse November (58)November (58)
Amazon reinvents the light switch
13 Nov 2018
Experian H1: growth driven by B2B proposition
13 Nov 2018
Great British Scaleups: The Fifth Generation – Day 1
13 Nov 2018
Kofax spends US$400m on Nuance for RPA
13 Nov 2018
Little first half cheer for Vodafone
13 Nov 2018
Hold on to your hats
13 Nov 2018
AXA helps Birdie take flight
13 Nov 2018
Cyan Forensics secures new funds
13 Nov 2018
SERVICES READY 2019: Challenges and Innovation for Professional Services in Tech
13 Nov 2018
SAP puts up $8bn for Qualtrics for CX data
12 Nov 2018
North London authorities to end shared IT service
12 Nov 2018
Virtual estate agent Nested raises a real £120m
12 Nov 2018
EduMe gets dosh to bring CBT to gig workers
12 Nov 2018
*NEW RESEARCH* BMC: Running and reinventing for its customers – and itself
12 Nov 2018
Gain access to TMV's Full UKHotViews and UKHotViewsExtra Articles
12 Nov 2018
Software and IT Services - Putting Finance at the Core: FINANCE READY 2019
12 Nov 2018
*NEW RESEARCH* Communisis – From Printer to Customer Experience Management
09 Nov 2018
Northgate wins first software deal in India
09 Nov 2018
Portify gets £1.3m to manage gig worker finances
09 Nov 2018
Rimini Street investing for growth
09 Nov 2018
Unisys revenue improves again in Q3
09 Nov 2018
InsurTech Yulife raises £3m for 'wellbeing' life insurance
09 Nov 2018
Equiniti benefits from strong year for IPOs
09 Nov 2018
ScaleUp Group scales up with new talent
09 Nov 2018
Accenture latest partner for ambitious scale-up Quantexa
08 Nov 2018
CGI UK bookings picture weakened by Brexit
08 Nov 2018
Atos/VMware team up on IoT practicalities
08 Nov 2018
Tracsis closes solid year of progress
08 Nov 2018
Conduent sees bumps in the road in Q3
08 Nov 2018
AdEPT buys ETS for healthcare UC
08 Nov 2018
H1 results reflect Xero's expansion activities
08 Nov 2018
Zopa banks another £16m to become a bank
08 Nov 2018
Home Office faces further criticism of police strategy
08 Nov 2018
CyberArk Q3 confirms strong demand for IAM
08 Nov 2018
Lloyds puts thought – and dosh – into Thought Machine
08 Nov 2018
Blue Wave or Blue Ripple?
08 Nov 2018
SCC acquires avsnet
07 Nov 2018
'Frugal' Ignitho ignites in the US
07 Nov 2018
aiden.ai - one for the mobile app marketers
07 Nov 2018
£50m invested in new AI centres for healthcare
07 Nov 2018
Speculation points to Symantec PE buyout
07 Nov 2018
Genpact delivers solid third quarter
07 Nov 2018
DXC fails to hit Q2 revenue target
07 Nov 2018
Partnerize finds new funding partner
07 Nov 2018
Starcom raises expectations
07 Nov 2018
Engineer.ai: blending humans and AI for app dev
07 Nov 2018
Subdued Sophos looks to FY20 for better results
07 Nov 2018
Capita renews Westminster Revs & Bens
07 Nov 2018
Paddle rows further with new funding
07 Nov 2018
Not a TechMarketView Client? Sign up to UKHotViewsPremium and reap the benefits of our archive
07 Nov 2018
FINANCE READY 2019: How Finance Professionals in Tech are preparing for the future
07 Nov 2018
Software drives strong H1 for First Derivatives as it moves to the edge
06 Nov 2018
*UKHotViewsEXTRA* Castleton: increasing cross-sell potential
06 Nov 2018
Tata toasts Carlsberg SD-WAN deployment
06 Nov 2018
Sharegain raises dosh to bring 'shorting' to the masses?
06 Nov 2018
Symantec boosts ailing enterprise business with dual acquisition
06 Nov 2018
OFGEM price cap hides smart meter price hike
06 Nov 2018
Great British Scaleups: The Fifth Dimension
06 Nov 2018

UKHotViews©

 

Friday 09 November 2018

InsurTech Yulife raises £3m for 'wellbeing' life insurance

logoIt's a novel spin on the life insurance game – reward your clients for keeping up a healthy lifestyle so they can pay their premiums for longer (that's not quite how they put it, of course!).

This is London-based InsurTech startup, Yulife, whose policies are aimed at employers wanting to offer their employees a 'value add' life insurance benefit. Employees can download the Yulife app and exert themselves in weird and wonderful (but healthy) ways to earn 'Yucoins', which can be exchanged for Avios points or gift cards and discounts from the likes of Amazon, M&S and Urban Massage.

Yulife has just launched on the back of a £3m funding round led by LocalGlobe. Set up by Sammy Rubin, previously CEO of PruProtect which rebranded as VitalityLife, Yulife is also led by community rabbi, co-founder and chief operating officer Sam Fromson, and physician, podcaster and author, Dr Chatterjee, as chief wellbeing officer.

Yulife charges employers £7.99 per employee per month for £100k accidental death cover or £14.99 pepm for additional death cover, including from illness and natural causes, subject to application (I assume they want to know if you have already been diagnosed with a serious disease before accepting the risk).

Yulife partners with insurance majors AIG and RGA for the policy cover, and the policy itself is held in a master trust which administers the claim and also invests the insurance proceeds. It is not stated whether Yulife gets a cut of any of this along with the fee it charges employers.

A very quick search on the internet revealed employee 'death in service' insurance policies for as little as £3.95 pepm for £50k cover. Whether employers will pay double for Yulife's proposition is a moot point. Or they could go to VitalityLife!

Posted by Anthony Miller at '09:11' - Tagged: funding   startup   insurtech  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2018: Unauthorised reproduction prohibited see full Terms and Conditions.