Eleos offers a fully digital platform for embedded life and income protection insurance, allowing customers to purchase policies online in minutes without the need for personal interaction. By providing essential financial security against income loss due to illness or injury, Eleos enables partners to earn revenue through commission while ensuring FCA compliance.
Funding
$4.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional life and income protection insurance purchases often require in-person meetings with agents, leading to a time-consuming and complex process. Many individuals lack sufficient financial protection against income loss due to illness, injury, or death, leaving them vulnerable to financial hardship.
Solution
Eleos provides a fully digital platform that enables customers to quickly and easily purchase embedded life and income protection insurance online. The platform offers a streamlined application process, allowing users to secure essential financial security in minutes without needing to interact with an agent. Eleos policies provide coverage against income loss due to illness or injury, and life insurance options to protect loved ones. Customers gain access to a personal dashboard to manage their policy and initiate claims, along with customer support. Eleos also provides members with perks such as cashback on everyday shopping and 24/7 remote access to GPs.
Target Audience
Eleos primarily targets individuals in need of life and income protection insurance, particularly those who prefer a convenient, online purchasing experience.
Features
- Fully digital application process for life and income protection insurance
- Online policy management through a personal dashboard
- Embedded insurance model for seamless integration with partner platforms
- Instant access to cashback rewards on everyday shopping
- 24/7 remote access to GPs via video or phone
- Customer support available 9am-6pm Monday to Friday