They have protected themselves
How about you?
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
