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MonCover

Vietnam's digital insurance platform for comparison, purchase, and embedded distribution

Distribution & Sales Established Bootstrapped
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Overview

MonCover is a digital insurance distribution platform for consumers and business partners in Vietnam. The platform enables users to compare insurance products from over 20 carriers, purchase policies online, and manage coverage through a mobile app. MonCover also offers a B2B embedded insurance API that allows banks, e-wallets, e-commerce platforms, and travel companies to integrate micro-insurance products into their customer journeys.

The platform delivers policies via electronic contracts within minutes of purchase and supports online claims submission and management. Key features include an AI chatbot assistant ("Mona"), integration with the VNpay payment gateway and Mpoint e-wallet, and a service directory for nearby garages, hospitals, and pharmacies. MonCover covers health, accident, travel, auto, motorcycle, home, group employee benefits, and commercial property and liability lines.

MonCover has accumulated over 50,000 registered customers and a network of more than 30,000 active insurance agents and partners across Vietnam since its founding. The company maintains a 4.8-star rating on Google Reviews based on over 500 reviews. It operates as a bootstrapped business and has not raised external venture capital.

Products & Services

Consumer Insurance Platform

An online marketplace enabling individuals to compare and purchase insurance products from 20+ carriers covering health, accident, travel, auto, motorcycle, and home lines.

Key Features

  • Side-by-side product comparison across multiple insurers
  • 3-minute electronic policy delivery
  • Digital certificate management within the mobile app
  • 24/7 claims submission and management online

Target Users: Individual consumers in Vietnam seeking to compare and buy insurance digitally

Embedded Insurance API

A B2B API platform that allows banks, e-wallets, e-commerce platforms, and travel companies to embed micro-insurance products directly into their customer-facing services.

Key Features

  • Pre-built micro-insurance products (ticket refund/cancellation, device insurance, etc.)
  • API integration with carrier systems
  • White-label distribution for partner platforms
  • Payment gateway integration (VNpay, Mpoint)

Target Users: Banks, e-wallet providers, e-commerce platforms, travel companies

Agent/Partner Portal

A B2B portal for insurance agents and distribution partners to manage policies, track commissions, and serve their own clients through MonCover's carrier network.

Key Features

  • Agent dashboard and policy management tools
  • Access to the same 20+ carrier product catalog
  • Commission tracking and reporting

Target Users: Insurance agents, brokers, and distribution partners in Vietnam

Group and Corporate Insurance

Employee health, accident, and corporate benefits packages sold to businesses and organizations through the MonCover platform.

Key Features

  • Group health and accident coverage
  • Corporate benefits administration
  • Property and liability coverage for businesses

Target Users: Employers and corporate clients

At a Glance

Founded
2013
Headquarters
Hanoi, Vietnam
Employees
51-200
Funding
Bootstrapped

Category & Focus

Category
Distribution & Sales
Subcategories
Insurance Comparison Embedded Insurance Digital Distribution Mobile App
Insurance Verticals
P&C Personal Health Group Benefits Specialty/E&S
Target Customers
Consumers, Carriers, Agents/Agencies, Employers

Customers

  • 50,000+ registered consumer customers on platform
  • 30,000+ active insurance agents and distribution partners
  • Corporate clients via group benefits products

Links

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Last updated: 2026-06-14