Insurtech start-up Flip has entered the Australian insurance market with a bang by launching the first on-demand injury cover in the country.
With accidents and injuries often leading to out-of-pocket expenses, Flip aims to offer affordable, straightforward protection that is on-demand, which means people only need to pay for cover when they feel at risk of injury.
Named Flip’s Day Pass, the new product offers a single day of injury cover for $6, with the coverage starting immediately after purchase.
Backed by HCF, the largest non-profit health insurer in Australia, Flip boasts that its new product is a simple and flexible alternative to traditional insurance as it provides peace of mind for Australians. At the click of a button, people can get covered and receive fast cash payouts into their bank account when a claim is approved.