Neluns is about to secure all the transactions within the system.
Neluns Insurance
A separate element of the Neluns financial ecosystem, is the insurance company — Neluns Insurance. On demand of the bank and cryptocurrency exchange users, it will carry out insurance coverage for financial risks, tied to trades and transactions.
Ecosystem users will have access to full and partial risk insurance.
· Full insurance.
Provides insurance coverage in full when an insured event occurs.
· Partial insurance.
Limits insurance coverage as certain insurance amounts, as well as the system of specific insured event occurrence conditions.
The base insurance premium amount with full coverage comprises 10% from the total trade/transaction sum. It can change depending on a row of criteria. The cost of partial coverage is determined individually for each specific case.
After the insurance payment is paid, the claim right of the defaulting party is transferred from the insured to the insurer.
Clients will have access to the following insurance services:
· Risk insurance for defaulting counterparties when executing transactions.
· Insurance in case of unforeseen circumstances during transactions.
As the ecosystem develops, the set of insurance products will be expanded. The following services will be added to the basic services:
· Insurance of credit and deposit risks.
· Insurance of investment risks.
Insurance of financial guarantees.
