• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home FinTech

Consumers can choose the right insurance with this Korean startup’s  ‘real plan’

KoreaTechDesk Writer by KoreaTechDesk Writer
January 25, 2019
in FinTech
7
Consumers can choose the right insurance with this Korean startup’s  ‘real plan’
0
SHARES
437
VIEWS
Share on FacebookShare on Twitter

Choosing insurance suitable to one’s needs is always an overwhelming task, especially when the market is full of a variety of options. This is why so many financial companies offer services like insurance planning to ensure that their clients get the right type of insurance and all their needs are covered. Korean startup MyRealPlan.com helps people choose the best of the insurance policy that can fulfil their needs and suit their pockets.

Reverse-bidding to offer the best price

MyRealPlan is an O2O (Online to Offline) platform that connects users to insurance plans & companies using data-based algorithms, helping them to receive personalised insurance coverage.

MyRealPlan offers reverse-auction insurance services. It means that users submit their requirements for insurance on the portal and the insurance companies bid with lowest prices to offer them a plan. The concept is appealing as it gives consumers the option to choose from the best and allows insurance providers to submit to their best offers.

Accurate evaluation and easy process

MyRealPlan.com service is simple to use. Once the user logs in, they can customise an insurance plan suitable to their needs. Once the right insurance plan is selected by the user MyRealPlan plan sends the information to registered insurance providers. The insurance providers then compete in a reverse bid process to get the client. The seller basically will compete with offering price than the lowest bidder.

MyRealPlan will then recommend three best offers suitable to the user based on the analysis of the offers. The user can compare the offers and make their selection. The user gets the most competitive and compliant insurance plan.

“Our name, My Real Plan, means to provide the world

‘real insurance that is right for me’.”

– The Real Plan team

The strength of MyRealPlan is in the sophisticated algorithm used to evaluate and conduct vetting of offers. The algorithm provides a quantitative score of its assessment and a summary comment so the user can select the most suitable plan. The registration process, insurance plan customisation and recommendation service are provided free. There are no associated penalties if the user decides not to proceed.

MyRealPlan was started by five IT professionals and financial experts in 2014. The startup has done well with over 75,000 people, using its portal for insurance planning. The firm had investments from TIPS Program, Mirae Asset Venture Investment, TheVentures, Capstone Partners and Woori Technology Investment.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: beGLOBALbeGLOBAL_SEOUL_2015_TOP20FintechInsuranceO2OOnline Insurance
Previous Post

TIPS X beSUCCESS KOREAN STARTUP SHOWCASE

Next Post

Radish offers  ‘serial’ reading for serious readers

Next Post
Radish offers  ‘serial’ reading for serious readers

Radish offers  ‘serial’ reading for serious readers

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
7 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Ebi H
Ebi H
1 year ago

As business transformation using digital technologies is a long haul, executing the program without any plan can be detrimental to business, as this involves people along with model and culture. And, partnering with reliable digital transformation services is highly recommended for success.

2
kekos21
kekos21
1 year ago

Cryptocurrency is growing faster than ever before, and more and more people are becoming interested in it. And, for those who have dabbled in the realm of bitcoin trading, have you ever pondered what Bollinger Bands are? I came upon an intriguing article about them and wanted to share it with you https://goodcrypto.app/bollinger-bands-a-complete-guide-for-traders-exemplified-by-good-crypto-charts/. There is a lot of valuable and fascinating information there.

0
saurabh.sharma
saurabh.sharma
1 year ago

Arka Softwares helps companies leverage Digital Transformation consulting services in every aspect of their business areas with transformational digital tools and technologies.

0
trackback
maxbet
2 months ago

… [Trackback]

[…] Read More on that Topic: koreatechdesk.com/consumers-can-choose-the-right-insurance-with-this-korean-startups-real-plan/ […]

0
trackback
Psychedelic mushroom bats for sale
2 months ago

… [Trackback]

[…] There you will find 68126 additional Info to that Topic: koreatechdesk.com/consumers-can-choose-the-right-insurance-with-this-korean-startups-real-plan/ […]

0
trackback
sbo
1 month ago

… [Trackback]

[…] Information on that Topic: koreatechdesk.com/consumers-can-choose-the-right-insurance-with-this-korean-startups-real-plan/ […]

0
trackback
comprar Viagra en línea
16 days ago

… [Trackback]

[…] Information on that Topic: koreatechdesk.com/consumers-can-choose-the-right-insurance-with-this-korean-startups-real-plan/ […]

0
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 

    0 shares
    Share 0 Tweet 0
  • Korean hospitality tech startup Onda attracts over $9 million in investment

    0 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean webtoon ‘Lookism’ creator ‘The Grim Entertainment’ attracts $9.1 million investment

    0 shares
    Share 0 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Korean startup Accelerator & Venture Capital Fund 1Billion Partners continues investing in promising startups despite ‘cold investment season’

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
7
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.