Airsurety is a New York based startup focusing on accidental deaths that take place during air travel and offers affordable, instant and easy to purchase term life insurance for both individuals and companies. Coverage can be availed of by simply entering basic details like full name, email\address, coverage amount, beneficiary details, DOB and making an online payment.
Airsurety currently offers a $2,000,000 policy for just $179.99 annually, which includes global coverage, unlimited flights and ultimate coverage. If you need more affordable coverage, then Airsurety also offers a basic plan which includes a $500,000 policy for just $59.99.
Airsurety is also focusing on risks in the emerging digital economy and has partnered with Stripe for payments and Amazon for secure hosting.
While flying remains one of the safest ways to travel, Airsurety is leveraging the increasing popularity of on-demand insurance, insurance that provides coverage only when consumers are exposed to a specific risk. Although, on-demand insurance does lower the margin that life insurers generate per customer (as an annual policy now becomes an hourly policy), refusing to adapt to customer expectations will have even more severe consequences.