OneDegree is a digital insurance provider offering tailored coverage for home, pet, and critical illness insurance, utilizing a user-friendly online platform for policy management and claims processing. The company addresses the need for affordable and comprehensive insurance solutions in Hong Kong, providing up to HK$100,000 in pet coverage with a reimbursement rate of 90% and flexible home insurance options starting at HK$98 per month.
Funding
$85M 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 insurance options often lack flexibility and tailored coverage, leading to inadequate protection or unnecessary expenses for individuals and families. Managing policies and processing claims can also be cumbersome, requiring significant time and effort.
Solution
OneDegree offers a suite of digital insurance products, including home, pet, fire, and critical illness coverage, designed to provide comprehensive and customizable protection through a user-friendly online platform. The company streamlines the insurance process, enabling customers to easily manage their policies, submit claims, and receive prompt reimbursements. By leveraging technology, OneDegree delivers accessible and diversified insurance solutions that cater to the evolving needs of modern consumers, including coverage for pets, home appliances, and protection against critical illnesses.
Target Audience
OneDegree primarily targets individuals, families, and pet owners seeking flexible, comprehensive, and affordable insurance solutions that can be easily managed online.
Features
- Online platform for policy management, claims submission, and real-time support
- Pet insurance with coverage up to HK$100,000 and reimbursement rates up to 90%
- Home insurance covering building structures, home contents, and third-party liabilities
- Fire insurance with customizable coverage to meet lender requirements
- Critical illness insurance with unlimited claims and coverage for up to 62 illnesses
- Home appliance warranty insurance covering 14 major appliances
- Coverage for same-sex and opposite-sex marriages and domestic partnerships
- Special insurance for turtles, tortoises, and birds