RidePAL: How it Works Guide

Published in

PAL Network

4 min readJan 22, 2019

At PAL Network, we make insurance simple and straightforward for our users. From purchasing policies to submitting claims, here’s an article to guide you through step by step on how to purchase RidePAL.

Desktop PAL Wallet App

Have our desktop wallet? Here’s where you can download it.

Creating your PAL Wallet only takes five minutes.

Mobile PAL Wallet App

For the Android Users: Download the PAL Wallet mobile app in Google Play Store

For the Apple Users: Download the PAL Wallet mobile app in the App Store

Once your PAL Wallet is installed, our suite of microinsurance products is listed in our Marketplace. Let’s proceed with your RidePAL purchase!

Step 1: Input your trip details

Once you selected RidePAL, simply input your details accordingly. Need more information? Read through the Terms and Conditions and Product FAQs under the Resources column.

You get to enjoy 50% off the premium when the purchase is made with PAL tokens. Regardless, you still get to enjoy the benefits with our competitive prices with your credit card.

Remember to select the checkbox to agree to our Terms and Conditions before you complete your purchase.

Step 2: Input your password for verification

And voila — your purchase is complete!

*RidePAL successful purchase page (Desktop)*

Step 3: Review your purchase

Review your purchase under ‘Policies’ tab. You will separately receive a confirmation email in the email address you provided with the purchase receipt.

Just in three steps, your ride is now covered! For just US$1 premium, you will receive full-fare coverage of up to US$5 payout when rain with a precipitation level of four millimetres per hour or more is detected at the pickup location during the time of your trip.

How great it that?

Purchase your RidePAL coverage now: www.pal.network/product/RidePAL.

Read RidePAL FAQ and T&C.

About PAL Network

PAL Network is one of the fastest growing blockchain startup based in Singapore. The company built a dual-layered protocol for financial assets with the vision to build an ecosystem where individuals and partners can design and customise new financial products.

PAL Network designs insurance and finance solutions onto smart contracts within minutes. Through its APIs, PAL Network empowers its partners to cross-sell relevant insurance products at the point-of-demand, thereby bridging the gap between financial products and customer.

PAL Network is a member of Singapore Fintech Association and ACCESS. PAL Network’s affiliated entity, PolicyPal Singapore, has an active user base of 50,000 for its app, which helps users to manage, buy and optimise their insurance policies.

Currently, PAL Network has partnerships with insurance companies, FWD and Ergo, to explore potential use cases of our decentralised protocol together. Furthermore, we have also established collaborations with blockchain projects NEM, QTUM, Sentinel Protocol, MediBloc, Digix and traceto.io to offer CryptoProtect and mainstream insurance products for the projects themselves, along with their respective communities.