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They have protected themselves

How about you?

AS FEATURED ON

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At Bandboo, your premium is pooled together with the premium of other members. When there is a verified claim event, the payout is drawn from this pool. At the end of each membership term, you receive a full rebate on your premium that has not been paid out as claims.

CAR EXCESS INSURANCE

Enjoy a peace-of-mind by reducing your deductibles to ZERO!

67% MONTHLY CASHBACK*

*Average cashback of 67% for the past 5 months assuming 20% membership fee
MONTH CASHBACK % # OF CLAIMS
AUG 2018 77% 2
SEP 2018 80% 0
OCT 2018 40% 4
NOV 2018 84% 0
DEC 2018 54% 2
AVERAGE 67% 1.5
 Proven track record of cashback resulting in substantially lower nett premiums

PREMIUM

Choose from a daily premium of $4.50 to $9.00
EXCESS COVER MONTHLY PREMIUM EST. NETT MONTHLY PREMIUM**
S$1,000 S$136.88 (~$4.50/day) S$36.41
S$2,000 S$182.50 (~S$6.00/day) S$48.54
S$3,000 S$228.13 (~S$7.50/day) S$60.68
S$4,000 S$273.75 (~S$9.00/day)   S$72.81

**Estimated nett premium based on the historical cashback of 73%

At the end of each month, all leftover premium after paying out verified claims from the community and deducting the membership fee is fully refundable to you

MEMBERSHIP FEE

Since we refund all premiums after payouts back to you, we need your help to sustain this platform
Our Bandboo monthly membership fee is 25% of the respective premium amount
This membership fee will allow us to cover the costs of claims handling, platform system maintenance fees, distribution and administrative overhead

PAYOUT

All claims are filed online and digitally through our membership portal.
If you are involved an accident and are liable for insurance excess, you will be eligible to receive a payout equivalent to excess charged to you (capped at your chosen excess amount)