Gadget Insurance

They expect the device protection market in the region to outpace global growth.

In collaboration with HL Assurance, it is designed to cover high-value collectables.

Worldwide, the segmet is seen to bag $194b in six years.

It offers plans for as low as $2.13.

JULO Protect Plus is the first insurance cover embedded in its virtual credit card solution.

Indonesian SMEs can also enjoy an additional 12-month device warranty.

Added benefits include complimentary pickup and delivery services for smaller items.

Growing phone theft incidents also contribute to market growth, as victims seek protection through coverage.

This is despite almost 80% saying they would be distressed if they lose their gadgets.