Nowly launches in Canada

Nowly, the new digital life insurance provider, is now live in Canada.

The new entity is a subsidiary of Canadian insurer Teachers Life and it offers instant online term life insurance with no medical exam and up to one million in coverage.

Policyholders receive access to a health and wellness program powered by Virgin Pulse and there’s also a giveback scheme which supports established and emerging “social-preneurs.”

Customers can obtain coverage online and manage their policy and access member benefits through the Nowly app, which is available for iOS and Android devices.

“The focus for nowly is simple: to make life insurance easy and accessible to Canadians through innovative technology. At nowly, we are all about ‘living nowly’ – which means getting instant coverage, instant benefits and being a member of an insurance company that gives back, now. nowly is a modern insurance provider with a big heart – we’re passionately committed to investing in people who are the innovators of tomorrow. Our social give-back program, Press Start, connects, supports and empowers entrepreneurs, with a focus on social issues and/or sustainability, to get started or take their business to the next level and bring about radical solutions, now.”