Welcome to Eagle Prepaid
Eagle Prepaid™ - Prepaid Excellence™.
- Claim paid direct onto card
- Linked to retailer discount schemes
- Real-time load in case of emergency
- Safe and secure – limited liability
- Accepted worldwide in store and online
Insurance replacement cards have been around in prepaid for a number of years. They first emerged as 'closed loop' cards that could only be spent within a specific retail environment. These have now evolved into 'multi retailer' and completely 'open loop' products.
The insurance cards are being deployed in multiple sectors including but not limited to the following:- Travel insurance – for low level immediate payout
- Home(Contents)
- Personal item insurance
There are a number of reasons insurers are opting for prepaid cards depending on the product. This can be to pay quickly in case of an emergency such as lost luggage or medical bills in relation to travel insurance or to minimise the size of a claim on home contents insurance. Some insurers have advised that if they can settle a claim quickly then the size of this claim can be up to 40% less than if they take longer periods to assess and settle.
By issuing prepaid cards insurers can team up with retailers to offer discounts on the purchase of replacement items, for example your television has been damaged, the insurer could recommend Curry’s to get a replacement and the cardholder could receive a discount on the RRP whilst the insurer could also receive a commission.
Eagle Prepaid has all the reporting tools in place to see where cards are being used. This allows invoices for commissions to be raised seamlessly to the retailer for these purchases.