“These are products that have a scope for people who work independently and, therefore, need to have a backup in the event of an accident, which can generate continuity of income.
“These insurances are compensatory: in the event of a fracture, a dislocation, a disability, the user receives an amount that allows them to cover expenses and receive an income while they recover,” said Alessandro Labelli, director of Mercado insurtech, in an interview. Pay.
The manager hopes that the ease of contracting will help build trust among users.
“We are very concerned about the lack of knowledge of many Mexicans about insurance, the perception that it is an expense rather than an investment and obviously in a difficult economy like the current one,” he added.
Starting this Tuesday, Mercado Pago users will be able to contract life insurance, whose contracting ranges from 50 to 200 pesos per month. The insurance covers any type of death and includes remote medical consultations.
The insurance coverage goes from 100,000 to 500,000 pesos and can be modified in the app, depending on the coverage, it will be the monthly payment.
The contracting age is from 18 years to 70 years and only for Mercado Pago users, that is, a client cannot make a second contract. For the following week, the offer will be extended to insurance against accidents and diseases, which includes conditions such as cancer.
For these conditions to be covered, a few months must pass
Mexico is the third country where Mercado Pago launches insurance after Brazil and Argentina did so last year.