PayLater is a post-payment service by Grab that lets you:
• Pay in 4 instalments,
• Pay next month in one bill
The flexible payment options allow customers to enjoy more of what they love today, while giving them the freedom to manage their finances and pay later.
Wellnex team has decided to increase the value proposition and offers to all its members the opportunity to make lifestyle and health services more affordable.
Now with Wellnex, you will be able to afford comprehensive health screenings, maternity packages, dental reconstructive services or physiotherapy packages.
GrabPay is integrated in the Wellnex App. Users can top-up credit and pay using their GrabPay integrated Wallet for Wellnex merchants and clinics.
Customers can choose to pay in 4 equal instalments or in one bill the next month.
Wellnex will pay its merchant in full within 2 days and Grab will notify the customer of upcoming repayments, which are automatically deducted from their GrabPay balance or their linked card in case of insufficient GrabPay balance. No additional fees are charged to the customer as long as payments are made on time.
We are confident that with this new features that will be available third week of October, Wellnex will be able to position itself even more as a differentiating app for all Financial Advisors Clients.
All our FA Clients can now activate a 2-factor authentication for even better security !
WELLNEX & My-Insurer remain a small start-up. Most start-ups decline to share data as they fear to disclose how small, fragile and poorly performing they are.
Well, at WELLNEX & My-Insurer , we decided otherwise!
We want to show, despite being self-funded and highly conservative in our development, that we are growing steadily and sustainably.
WELLNEX & My-Insurer are small but profitable, thanks to our clients ( Singapore Financial Advisors) that trust us since 2020 and work with us to make a difference in the Insurance industry.
Here are some metrics as at August 2021!
WELLNEX & My-Insurer is:
- 996 FAs,
- 47,000 policyholders, and
- most importantly: 1,689 members that login and surf on our app at least once a month to use our services!
We want more and target to reach 2,400 by January 2021!
We will be launching more functionalities that focus on healthcare and lifestyle services!
This to serve more and better our Wellnex members!
We are also trying to enhance our payment facilities to broaden our value proposition that FA are looking at.
We have a lot of different surprises to truly becoming the first and leading insurtech in Singapore!
As at August, 23 2021, My-Insurer Pte ltd remains one of the few that is PDPC certified under the IMDA accreditation!
There are 60 companies in Singapore that are holding this accreditation which demonstrates the effort of a firm to put the data protection of its clients or users on top of its priorities!
The Data Protection Trustmark (DPTM) is a voluntary enterprise-wide certification for organisations to demonstrate accountable data protection practices. The DPTM will help businesses increase their competitive advantage and build trust with their customers and stakeholders.
In the insurance industry, 3 firms only are accredited:SFA certified that hold such accreditation and its worth communicating it!
Now you can find my-insurer in Peppol Network. It is the first step for My-insurer in its journey to be PSG Grant pre-approved solutions! We will hopefully end this journey successfully next year 2022.
After being the first insurtech PDPC Certified by IMDA, the first private company to have SingPass Single Sign on. It will be another great milestone!
The importance of InvoiceNow!
InvoiceNow is an initiative of the IMDA. It lets businesses send and receive e-invoices directly using approved accounting software systems via the Peppol network.
Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through the secure InvoiceNow e-invoicing network. And as long as both the sender and receiver are using InvoiceNow-ready software, e-invoices can be exchanged seamlessly and almost instantly.
What is Peppol?
According to Wikipedia, PEPPOL is a set of specifications maintained by the OpenPEPPOL non-profit organisation with the aim of standardizing cross-border, electronically supported procurement procedures. It features, among other things, electronic invoicing. In addition to specifications PEPPOL consists of a delivery network.
M-Insurer and WELLNEX expands with the recruitment of Sebastien Khoo as Business Development Manager!
Sebastien Khoo has spent his life using his personal and career experiences to help his clients create solutions. He helps financial professionals to build an audience and to navigate the increasing changing financial advisory landscape in Singapore.
Before joining Wellnex, Sebastien spent five years as a non-commissioned officer in the Republic of Singapore Air Force and learning his trade in the insurance industry with AIA FA. After a successful stint in Premium Care Singapore, helping advisors and their clients navigate the medical landscape, Sebastien will developing the business of My-Insurer and Wellnex and helping the team to bring the company to a new edege
Check out the list of the companies, start-ups, and other websites using SingPass the
and you will realise that we are the only Insurtech in Singapore.
Which makes My-Insurer quite unique and reliable in term of safe access and privacy of data!
What is Singpass?
Launched in March 2003, Singapore Personal Access (or Singpass) allows users to transact with over 60 government agencies online easily and securely.
Managed by the Government Technology Agency (GovTech), the Singpass system is reviewed regularly, and there are many on-going security enhancements to ensure that a secure Singpass service is delivered to our users.
Over the years, Singpass was enhanced to include an improved user interface, mobile-friendly features and stronger security capabilities, such as Two-Factor Verification (also known as 2FA) for digital transactions involving sensitive data.
With 2FA, users will need to enter their Singpass ID and password, then followed by a One-Time Password (OTP) sent via SMS, or use Singpass Face Verification that serves as an additional layer of security.Users should also play their part to protect their account and personal information.
Wellnex is very happy to announce that his current General manager, Jean-Remi, will be relocating to Paris to develop the Wellnex activities in France.
We strongly believe that our new solution Partner Community Builder will have a successful future in Europe, to help small retailers, local shops, cooperatives and even associations to build their community of members, engage with them and nurture them with loyalty offer.
Jean-Remi will work in close relation with the WELLNEX team to establish a foothold, localise the platform and develop its clients base.
All activities that Jean-Remi had responsibilities for, have been safely handed over to our new colleague Fiza Tuahhaini
over the space of a month. So you will remain in very good hands in the future!
Jean-Rémi BERNARD will be leading the way to WELLNEX in France! We heard that this country is full of opportunity and welcome start-ups with an innovative mindset!
After 2 years with us and a total of 8 years in Singapore, Jean-Rémi BERNARD will be going back beginning of July!
We will miss his management skills and his capacity to take over complicated tasks! Yet for the best of WELLNEX that will be trying to expand overseas!
Technology play a key role in developing the future-state of #insurance, with data playing a foundational role for customer experience. Customer journey mapping, needs analysis, and an intuitive digital interface are of utmost importance to an organization today.
What is the current customer experience model seen across Asia? How can we enable the agents and enhance the customer experience?
In the upcoming session at InsureTech Connect Asia, Max Ang from Celent will be moderating a panel with Gerald Carroll, Shan Aboo, Matthias de Ferrieres, and Paul Hughes to discuss how insurers can leverage technology across the insurance value chain to deliver
good customer experience and create value for customers.
Come and join us in that discussion !
My-insurer is dedicated to Financial Advisors and offers the best of both world: compliance and data security with the easiness and convenience of a customer centric app!
With Wellnex and My-insurer, Financial advisors are assured that they can input the insurance policies in total security and offers to their members multiple benefits such as:
Joining My-insurer and Wellnex is free!
It is very simple to download thanks to the link that Financial Advisors can pass to their prospect or leads and clients.
They have access to a multitude of functionalities like a super app offers.
With Wellnex, the Financial Advisors offers access to a new type of community. Any members can find a store, shop or gy centers at fingertips.
They just need to scroll down or check on the map and they will find something that suits them for sure.
Meanwhile the Financial advisor will remain contactable at all time with the different features at disposal. Whatsapp, Linkedin and Facebook are automatically plugged in!
Go and check out. Discover what my-insurer and Wellnex have to offer together.
Digitalising Financial Advisers