ExtrasJar was featured on Insight, the leading ophthalmic publication in Australia for over 40 years, to spread the word to Aussies that they can now get the best optical extras cover possible through our innovative approach and revolutionary products.
Our co-founders, John Connor and Reece Frazier are former actuaries of Australia’s biggest banks and insurance companies. This is why they knew how much money was taken away from hardworking Australians’ policies which are supposed to give them security and protection.
The problems they saw in the industry allowed them to establish ExtrasJar with a business model designed to give true benefit to patients and health providers. We believe that the innovative approach we have is the world-first where healthy people are rewarded with a nest egg they can draw upon when they need it most.
“If customers have enough money accumulated in their kitty – they can pay for the treatments in full. And it’s easy to pay their dentist, physio or optometrist with the ExtrasJar digital Mastercard,” Connor and Frazier said.
Aside from extras cover, we also have a radical approach to private hospital cover via our self-insurance deposit feature where customers will pay a “rental bond” for $1,000. This bond goes a long way as it will bring down private hospital cover premiums. If unused, it will roll over and can be consumed to further lower future premiums if there will be no claims.
“With ExtrasJar hospital cover, once you’ve paid your $1,000 self-insurance deposit, you could potentially reduce your annual hospital cover by up to 40%. Every year after that, you’ll pay the same reduced rate, so long as you don’t need to go to the hospital. And if you do need to go to the hospital, you’re completely covered and we will draw on your $1,000 deposit as a form of excess payment,” said Frazier.
“Just like our extras cover, if you wish to end your hospital cover with ExtrasJar, you get your original $1,000 self-insurance deposit back, no questions asked,” he added.
Insight’s feature contains concise yet meaty information and explanation about ExtrasJar’s innovative approach. We blend the best of banking, investment, and insurance to address the current issues surfacing in the industry to deliver revolutionary products that cut down the cost of everyday living.
Read the full article here.
The ExtrasJar Extras Account which entails coverage for health or pet extras is currently being offered to Australians. Meanwhile, the ExtrasJar Hospital Insurance is in the works at the moment and will be available to our customers soon.
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