Bitcoin Insurance

[erickkyut]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

[Juggy777]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I don't know any company as of now that accepts Bitcoin as payment and no company can afford to because of the price volatility first, then Bitcoin is not a official currency they shall be breaking the laws of the country in which they operate if they were to accept. As much as we all Bitcoin users would love, to have something like this, it would create a pain in future as the contact would be declared void and your claim would not be honored so I would be careful to do such transactions,even if the company allows.

[ImHash]

You mean accept as currency or insure the safety of bitcoins? first one is not even accepted by the small and online shops even games not yet accept bitcoin at least not the majority.
Insuring the safety of money is in the banks area of expertise and since bitcoins in bank vaults or in your home small vault both are equally safe there is no need to insure your bitcoins.
This also goes back to the usual exchange to fiat first and then use that cash to pay such companies story

[Red-Apple]

when i saw the subject i though a plan about insuring people's bitcoin holdings in their cold storage specially since you said you work at an insurance company! because that would have made sense (not a good idea though).
but paying your insurance money with bitcoin is like paying for anything else with bitcoin, as long as you can find people who are willing to spend their bitcoins and not just hold it as an investment it is a good service.

[Tyrantt]

I don't believe those services will exist at all, maybe some, untill the bitcoin price stabilizes and doesn't drop and rise for  couple of hundred dollars. Businesses don't want to take that risk right now because of those price drops, probably in the future when the price changes aren't that significant, we could see a lot more services like that that work with large quantaties of bitcoin since now bigger businesses mainly use bitcoin for fast small transactions.

[20kevin20]

I do not think this type of service exists anywhere. At first I thought you wanted to suggest the idea of getting an insurance for your BTC wallet. You can implement BTC as a payment method fir sure, that would bring others' the curiosity about Bitcoin too maybe.

[ice098]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I don't know if there's a life insurance company that accepts bitcoin. But If you're working in that company what if you suggest to your boss that they try to accept bitcoin? It's a nice Idea. right? Just a suggestion. What if many bitcoin user will join in your insurance company and you will receive a promotion.

[mobnepal]

Accepting bitcoin involves risk of price volatility for most of the companies so they will use third party services to accept bitcoin payments which will just sell whatever they will receive to convert into fiat, this will not help for bitcoin's price growth. And there are many companies which are doing same but i haven't heard about any insurance company taking insurance premium in bitcoin although it is possible.

[ipanks]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

i never heard or never know that there is a life insurance company that accepting bitcoin as the payment and if there is available, then i think it will be good for us to pay in bitcoin. this is something that maybe happen in future if bitcoin is available in every where and many people is using bitcoin.

[paul gatt]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I think this is unlikely to happen
Current, Bitcoin is not acceptable in some countries, so the bank can not do as above
However, I really hope that, in future, such a bank will appear

[mrjoy15]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

Seems interesting.I'm also wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I doubt any kind of service exists anywhere in the world.Accepting bitcoin could mostly involves with risk because of where bitcoin price don't stable or others problem are connected.Bitcoin is a form of digital currency,most of it's decentralized.

[PhucS]

It is also a good idea but I not see any insurance company would accept Bitcoin payments so. The price of Bitcoin currently not stable, they may be risky. If price of Bitcoin increases they would benefit, but if price decrease , they will be at a disadvantage

[Gotottack]

I don't think it is possible. I was in the insurance business before too. I think it is impossible because the people you have to offer it to requires that you talk to then personally and that you have to assess their health before the company approves the application. What we can do is that you can just offer a payment method via bitcoin and not really a no face to face kind of thing.

[seven.71]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

The real her is no insurance that accept Bitcoin is Premiro
Premiro offer insurance without having to deal with the hassle of paperwork as previously tasted traditional way. Premiro.com managed by a company called PT. Applied Ibisnis Partners. This company is a technology-based insurance broker. You can use Bitcoin to pay your insurance, because this method has been supported by BitBayar.com

[Senor.Bla]

Do you only want to be able to pay in Bitcoin or is holding Bitcoin also part of the insurance investment plan? The former is almost nonsense, because this only changes the order of the first two steps. from 1. exchange bitcoin for fiat then 2. pay the insurance company to 1. pay the insurance company then 2. they exchange bitcoin for fiat. But if it is the latter, then i guess insurance companies do not like the high risks involved in Bitcoin and the result would be a high premium to pay.
In any case i guess there is quite a problem with regulation, so nobody wants to do it. 

[nydiacaskey01]

In my country, there is an exchanger that offers a service to accept payments for insurance companies. I dont think insurance companies will accept premiums directly using Bitcoins. An insurance companys goal is to maximize their earnings as much as possible and with Bitcoins price being unstable and unpredictable, insurance company might lose money.

[Raimonn]

A company that accepts bitcoin as payment, or an insurance company that works with bitcoin (that will pay you with bitcoin too)? The first case is easier, any company could join with bitpay an accept bitcoins as payment system.

[squatz1]

Would you mean that they accept monthly premiums in bitcoin and would pay out in bitcoin? I wouldn't really care for a company that just accepts bitcoin, as it kind of limits them to the small niche of the bitcoin community and would be a horrible business model for any new business.

If you want to get the attention of all, you accept all payment methods for credit cards and such PLUS bitcoin!

[European Central Bank]

find a company you rate. ask if they'll accept bitcoin, send them a link to bitpay or coinbase. the worst that'll happen is that they'll say no. they probably will so pay with a bitcoin debit card instead.

[Vaskiy]

I haven't seen any insurance company accepting bitcoin as payment for regular premiums. If Op is sure of taking policy by paying bitcoin as premium then he needs to find a policy agent who accept bitcoin and pay to the insurance company in terms of fiat.