They have protected themselves

How about you?

AS FEATURED ON

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.

PREMIUM

Unemployment Insurance

Your premium is $539.88 a year (inclusive of membership fee), equivalent to just $1.48 a day.
At the end of each one-year membership term, all premium leftover after paying out retrenched members and deducting the membership fee is fully refundable to you.

Car Excess Insurance

Choose from a daily premium of $4.50 to $9.00 to cover your excess from $1,000 to $4,000.
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

Unemployment Insurance

Since we refund all premiums after payouts back to you, we need your help to sustain this platform.
Our Bandboo membership fee is $119.88/year or $9.99/month.
This membership fee will allow us to safely and efficiently underwrite new members and process all claims through our proprietary blockchain platform.

Car Excess Insurance

Since we refund all premiums after payouts back to you, we need your help to sustain this platform.
Our Bandboo monthly membership fee is 12% of the respective premium amount.
This membership fee will allow us cover the costs of claims handling, platform system maintenance fees, distribution and administrative overhead.

PAYOUT

Unemployment Insurance

If you are retrenched, you receive one month of your salary as payout for each month you are unemployed.
You are eligible to receive three months of salary payouts, up to $6,000 a month.

Car Excess Insurance
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).