Insurance companies
Modern payouts with Sparados
The traditional process of disbursing health insurance benefits forces clients to cover medical expenses upfront—an approach that is often not just inconvenient but sometimes outright impossible. Thanks to Sparados, this entire process is revolutionized, ensuring immediate financial support and full control over expenses.
Revolutionary and instant benefit payouts
Sparados enables insurance companies to issue virtual payment cards instantly. This means that when a client is in need, funds are sent directly in the form of a virtual card. Customers no longer have to use their personal money, and they receive the funds instantly. This solution speeds up the entire process by twofold and increases customer satisfaction by 40%.
Simultaneous payouts
for all benefits
Many insurance companies rely on a single corporate card, which slows down the benefits payout processing. Sparados allows the issuance of multiple virtual payment cards simultaneously for all benefits, each assigned with a spending limit and label. This ensures that every employee can immediately payout benefits, while maintaining transparency and security—especially in crisis situations.
Digital accident statements in Apple or Google Wallet
In case of an accident, traditional paper-based accident statements can be problematic, as they are easy to lose or damage. With Sparados, your clients instantly receive an accident statement on a virtual card stored in their Apple or Google Wallet. This innovative tool, always accessible in the digital wallet, ensures immediate access to essential documents, speeds up the claims process, and reinforces your company's brand as modern and customer-focused through personalized card graphics.
Trust Sparados’ innovative solutions to revolutionize your insurance claims process—fast, secure, and with complete customer satisfaction.
FAQ
Sparados doesn’t just make claims faster, it completely removes the need for traditional reimbursement. With Sparados, insurers disburse benefits instantly through restricted virtual cards. Instead of customers paying upfront and waiting for their money back, a virtual card is generated on the spot, preloaded with the approved amount, and ready to use immediately for eligible costs.
This is not simply a quicker process, it is a revolutionary change in how insurance benefits are delivered. By removing reimbursement altogether, Sparados transforms the entire experience: policyholders never need to advance their own funds, while insurers gain a secure, transparent, and fully controlled way to distribute benefits. Leading insurance companies are already reshaping their models around this approach.
Restricted virtual cards are fully controlled by the insurer. Each card can be configured with a spending limit, usage purpose, and merchant category restrictions, for example limited to use only in pharmacies and hospitals. This guarantees that funds are spent exclusively on approved services.
In urgent or crisis scenarios, insurers can issue multiple restricted cards at once, each with clear limits and labels. This allows benefits to be distributed quickly while maintaining strict oversight, ensuring every payout is both secure and transparent.
A digital accident statement offers speed, accuracy, and convenience compared to paper forms. It can be filled out and submitted instantly from a smartphone, reducing delays and eliminating the need for physical paperwork. Built-in validation checks help prevent errors or missing information, improving claim accuracy.
Digital statements are also easier to share between parties and insurers in real time, which accelerates claims processing. In addition, the statement is always available as a QR code inside virtual cards stored in Apple Wallet and Google Wallet, so it’s instantly accessible whenever needed.
Overall, digital accident statements make the claims process faster, more reliable, and far more user-friendly than traditional paper forms.
Sparados completely removes the traditional reimbursement step. Instead of clients paying upfront and waiting to be repaid, insurers issue a restricted virtual card on the spot, preloaded with the approved benefit amount. The customer can use it immediately for eligible expenses such as hospital or pharmacy bills.
This is not just a faster process, it is a revolutionary change in how insurance benefits are delivered. By eliminating reimbursement altogether, Sparados ensures policyholders never need to advance their own funds, while insurers gain a secure, transparent, and fully controlled way to distribute benefits. Leading insurance companies are already reshaping their models around this approach.
Branded virtual cards can be used to instantly deliver insurance benefits in a way that is both practical and engaging for clients. They allow insurers to:
Disburse claims directly, so customers can pay hospitals, pharmacies, or service providers without using their own funds.
Provide emergency support by issuing restricted cards with specific limits or merchant categories (e.g. medical only).
Offer customer perks such as wellness allowances, preventive care budgets, or partner discounts.
Strengthen brand visibility by keeping the insurer’s name and design in the customer’s Apple Wallet or Google Wallet, creating daily touchpoints.
In addition, the cards can be fully branded by the insurance company — from the web application where users access their cards, through email templates, all the way to the card design itself. This ensures a consistent brand experience across every customer interaction.