Online mortgage broker and fintech start-up Habito has launched a life insurance product offering, underwritten by AIG Life.
The service aims to offer cover in as few as nine questions, and without the need for any medical data, by using information already given to the provider during the mortgage application process.
The cover is also free for the first 90 days once the contract is completed. Following this, a customer can choose to pay for the insurance package moving forward by updating their Habito dashboard.
Flexibility is offered by allowing customers to increase or decrease their cover, as well as cancel their policy, at any time.
Habito aims to use this service, its first add-on, to help expand its mortgage platform, which has supplied mortgage advice to more than 150,000 people and completed £1bn in submissions since launching in 2016. The platform has also raised £27.5m from investors such as Atomico and Funding Circle.
Habito founder and CEO Daniel Hegarty said: "We know that, when you buy a home, your first thought should be what colour to paint the walls, not worrying about who's going to pay the mortgage after you've gone.
"Our life insurance offers accessibility, convenience and flexibility like never before, and three months of free cover means our customers can have complete peace of mind as they settle into their new homes."
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