Value proposition

Every year around 14 million people are diagnosed with cancer. More than two thirds of these are in the developing world, where many still do not have access to adequate treatment. Traditional insurance is unjustifiably expensive, overly bureaucratic and has a high percentage of rejections for genuine claims. To address the above issues, we created ‘Protectiq’ - a P2P critical illness insurance platform.

This P2P Open Fund unites participants and bypasses intermediaries; ‘Protectiq’ takes only a small fixed fee to cover operating costs. It is based on Blockchain technology which ensures all transactions are carried out transparently and protected from fraud.

The combination of mutual assistance and innovative technologies creates an insurance product unique in its accessibility: annual contributions start from USD20, some 30 times lower than the cost of traditional insurance with the same level of protection. Insurance cover is up to USD35,000 - a sum sufficient for the treatment of most cancers.

After prompt confirmation of the diagnosis by an independent consortium of doctors (and AI, in future), the patient is prescribed an appropriate treatment plan. ‘Protectiq’ covers the entire process: travel to/from the clinic abroad, treatment and rehabilitation.

The transparency and accessibility of ‘Protectiq’ opens unrivalled opportunities for private, corporate, and charitable organisations to offer critical illness insurance to one and all. ‘Protectiq’ is of tremendous social importance, with potential to change the quality of life for millions of people. It is the first step towards the creation of P2P insurance and health ecosystems for developing countries.


insurance, P2P, and BlockChain