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Frequently Asked Questions
At ExtrasJar, we understand that we take traditional insurance off the beaten track. Check out our frequently asked questions to find an answer to what you might be wondering.
ExtrasJar provides revolutionary protection and complete peace of mind for the entire family – even your four-legged and furry family members. With health insurance, health extras, pet insurance and pet extras, we give you more flexibility and freedom to choose products that best suit you and your family.
An ExtrasJar account allows you to save and pay for general healthcare treatments (extras) by making one-off and/or periodic deposits. Your deposits will be used to purchase units in the ExtrasJar registered Managed Investment Scheme (Australian Registered Scheme Number (ARSN): 660 982 507). You can use your units in the fund to pay for healthcare extras with your ExtrasJar digital MasterCard using your available balance.
A fund is a type of investment where your money is pooled together with other investors. The ExtrasJar Managed Investment Scheme is a fund that is a unit trust and a managed investment scheme registered with the Australian Securities and Investments Commission (the regulator) under the Corporations Act 2001 (Cth) (the legislation). The official Australia Registered Scheme Number (ARSN) for the ExtrasJar Fund is 660 982 507.
What does that all mean? Basically, when you deposit funds into your ExtrasJar Extras Account, your funds are automatically applied to the purchase of units in the Extras Managed Investment Scheme. This money purchase is then pooled together with other unit holders’ money and invested as per the asset allocation and investment profile outlined in the Product Disclosure Statement.
The Fund’s asset allocation is made up of Exchange Traded Funds (ETFs) with an allowance for cash and cash equivalents to efficiently manage the fund.
A unit represents an undivided beneficial share in the assets of the fund as a whole (but not in any particular assets). You can increase your investment by investing funds into your ExtrasJar Extras Account and so acquiring Units in the Fund or decrease your investment by withdrawing your funds and therefore redeeming Units in the Fund.
Most managed investment schemes feature long delays when it comes to accessing your funds. Many also disallow the use of funds directly at the point of sale. With ExtrasJar, we transform that reality, allowing you access to your funds at any point.
Opening an ExtrasJar account
Yes. You can open an account and then nominate family members that can access your ExtrasJar account and funds. They will be able to put them towards their own general healthcare treatments.
Deposits and withdrawals
Login to your ExtrasJar account and select the “Add Investment” button. From here, you can make a one-off investment or set up periodic investments. Deposits can be made using by direct debit from a nominated Australian Deposit-Taking Institution (ADI) account.