What:
Rewire has partnered with Qover and insurer AIG to protect its customers in case of accidents at no additional cost.
Why:
By protecting the income of migrants in Europe and their families around the world, this partnership works toward including marginalized populations in our financial systems and therefore reducing inequalities worldwide.
How:
- An outcome of this partnership is the built-in accident insurance, which covers Rewire customers with free plans in 18 countries across Europe.
- Rewire also sees accident insurance as a way to incentivize customer loyalty.
- The embedded solution covers remitters in case of accidental death and dismemberment, providing security for the migrant and their family dependent on their income.
- Rewire customers automatically benefit from the insurance, as long as they transfer at least €200 per calendar month with their Rewire account.
- To submit a claim, users can go to the Rewire website and fill out an online form in minutes.
- Under the policy, the customer or beneficiary receives a one-time payment of up to €5,000 in the event of dismemberment, paralysis, or accidental death.