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09/02/2024 Insurance Innovation

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Unique Low Cost and Insured Rental Deposit | No cash disbursement! | One-Off & All-in Fee! | New business for life insurers

Innovation presentation

DepositPass converts a fraction of a tenant‘s life insurance into a rental deposit in 3 steps.

- 1st Tenant or 3rd party assigns defined amount of his/her savings policy in favour of landlord.

- 2nd DepositPass in exchange issues Rental Deposit in favor of landlord.

- 3rd Landlord delivers keys to tenant.

Uniqueness of the project

Ryanair of rental deposits

Use of pledge (assignment) of life insurance-savings policies by tenants in favor of landlords to guarantee obligations under tenancy agreement charging one-off & all-in fee independently from term of tenancy agreement. Other rental deposits - banks & insurers - charge fees & premiums regularly and yearly during whole term of tenancy agreement.

Underwriting process, credit assessment and/or risk scoring are not necessary making DepositPass technically very simple.

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