Make a 2nd Claim with us for the same accident / incident!
Simple.
Fast.
Cheap.
Cyclic insurance covers you for practical events, and gives you money at the end of every 3 months cycle!
Make 0 claims, and get a guaranteed PremiumBack of at least 10% of your premiums!
Make Low claims, and get a guaranteed PremiumBack of at least 5% of your premiums!
Premiums are pooled at the start of each cycle.
Example of Pool Creation
( Cyclic : Small Accident )
10,000 users are covered in a 3 month cycle for Cyclic: Small Accident.
$6.80 x 3 =
$20.40 of premiums per user
$20.40 x 10,000 users =
$204,000 in the premiums pool
Claims are made from the pool.
Example of Claims
( Cyclic : Small Accident )
500 users get into an accident and need to claim an average of $300 each.
500 x $300 =
$150,000 is paid out as claims
Unclaimed premiums in the pool, will be distributed back to users who made 0 claims & users who made low claims, at the end of each cycle.
Example of PremiumBack
( Cyclic : Small Accident )
9,500 users did not make a claim at all.
$204,000 - $150,000 =
$54,000 of unclaimed premiums
$54,000 ÷ 9,500 users =
$5.68 of PremiumBack will be given at the end of the 3 months cycle
We only earn a flat and transparent monthly Admin Fee per policy per user, with no hidden charges.
$ 9.80 per month
$ 9.00 per month
$ 11.80 per month
Check out these 8 amazing facts!
Make a 2nd Claim with us for the same accident / incident!
Every policy is exactly as described, with no hidden exclusions.
Every $ of premium we collect is either paid out as a Claim, or returned to users as PremiumBack at the end of each cycle.
File a claim just from your phone. Take Photos. Tell us what happened. Call us if you prefer to talk!
Never worry about Cash-flows, because some money comes back quickly every 3 months, even when you make 0 claims or low claims.
If none of the users of a cover makes a claim, you get back 100% of your premiums at the end of the cycle!
Need to stop your cover? Want to re-continue your cover? Just 1 button to do so instantly. No preaching, no nagging, no forms to fill.
Not satisfied? Get a refund equivalent to 100% of the premiums you paid for your 1st cycle.