The Giveback: transparency at heart
Luko reinvents the insurance business model and offers a transparent system founded on mutualisation and redistribution. The goal ? For the interests of both policyholders and insurers to finally be on the same page.
The Giveback
The traditional insurance model is based on a conflict of interests.
The less they compensate your claim, the more money they make.
We really don't agree with that way of being, so we created a more transparent model.
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30% of your premium is dedicated to Luko's management costs: customer service, claims management, innovation, etc.
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70% is pooled with our other members’ premiums. If you ever file a claim, that pool will be used to compensate you.
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If there’s money left at the end of the year,
it’s donated to the charity of your choice. It won’t increase our profits.
30% of your premium is dedicated to Luko's management costs: customer service, claims management, innovation, etc.
70% is pooled with our other members’ premiums. If you ever file a claim, that pool will be used to compensate you.
If there’s money left at the end of the year,
it’s donated to the charity of your choice. It won’t increase our profits.
What’s the purpose of Giveback?
For you
This is the end of conflicts of interest. We have nothing to win by compensating you less, we already took our cut.
For Luko
The Giveback system helps us reduce fraud and maintain fair prices.
For all of us
These funds support the charities in their missions and have a positive impact on society.
They talk about Giveback
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🙌 This year, my leftover money from my insurance premium didn't add to lining my insurers pockets, but was sent to @emmaus_defi instead, thanks to the #Giveback profit sharing principle from @getluko! https://t.co/Pv0k10bAX4?amp=1
Hachim
@hachim13015
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Nice work giving leftover insurance premium money to the @Terre_Humanisme. Des gestes comme celui-ci on en veut plus souvent 🙌 We want to see more actions like these! 🙌 Thanks @getluko, I'm proud to be one of your clients. For more information: https://t.co/x8DbQGiq51?amp=1
LVDA
@LouisVDA
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Thrilled 😍💪 After taking only 5 mins @getluko insurance, the app asked me which charity I want my left over insurance premium money to get towards - was so happy to see I could choose @simplonco! ❤️
Maxime Sénécal
@maxime_senecal
We support these projects
Are you a charity? Or an individual who supports a charity?
We would be happy to learn more about your projects or discover charities we could work with.
The Giveback in numbers
Each year, we draw up the accounts and share them with our policyholders, in complete transparency.
Your participation can make a difference.
Protect your home and become a Giveback player.