With increased regulations impacting bottom lines throughout the industry, credit unions look at other areas to generate income. ISI’s HAP insurance product meets that need.
With that in mind, Institution Solutions (ISI) has announced the launch of its newest credit union offered insurance program, Hospital Accident Protection (HAP). This new program provides members with cash benefits in the event of hospitalization or even a trip to the emergency room due to a covered accident.
ISI’s HAP program, provided by AXIS Insurance Co., is a supplement to a member’s regular health insurance. In the event of an accidental injury, HAP pays the enrolled member cash for each day they are hospitalized, in intensive care, a one-time emergency room visit, or in the case of an accidental death.
HAP is marketed to members under their credit union’s logo via direct mail pieces and email campaigns, while being fulfilled online by seamlessly integrating with their website.