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Vouch (fka Insbee) is a P2P car insurance platform that helps drivers to compare and buy affordable car insurance policies. It allows them to connect and form private groups with family and friends. Therefore, It helps with small own damage claims (up to SG $2000) are paid out of this pool and if any amount is remaining in the pool, while the remaining amount is distributed among members who didn't make a claim in the policy year. NTUC Income, Sompo Insurance Singapore and Tokio Marine Insurance Singapore – have partnered with Vouch Insurtech (Vouch), to offer customers up to 15% cash back on annual premiums, in addition to existing No-Claim Discounts (NCD).
The insurance platform for private communities connects users with insurers to offer No-Claim Rebate (NCR) cash back for car insurance. It allows them to create a group of friends and family where they can avail the benefits of rewards when they claim the insurance policies less.
The company charges up to 2000USD from the claim amount, if the insurance holder claims a damage.
NTUC Income,Sompo Insurance Singapore,Tokio Marine Insurance Singapore,Income (made different).
The company has partnered with major insurers to offer no-claim rebate cashback for car insurance. It also claims customers who purchase their car insurance via Vouch Insurance receive up to 15 per cent cashback. (Feb. 2018)
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