Karma Wallet has partnered with Palomar to streamline the insurance claims process and promote sustainable living through the launch of a new Visa debit card.
By leveraging the new Karma Wallet Card, customers will benefit from greater financial security through an innovative insurance coverage capability provided by Palomar.
The product allows customers to receive rapid payments for additional living expenses in the event of a claim, making it easier for them to manage unexpected financial burdens.
By using the Karma Wallet Card for purchases, customers can contribute to reforestation efforts, hunger alleviation programs, and other social causes. This integration of financial security and social impact fosters a more conscientious consumer culture.
The card is designed to provide rapid payment of additional living expenses, ensuring customers receive funds in less than 24 hours via direct deposit.
This capability helps alleviate the stress and uncertainty that often accompany insurance claims. Additionally, its functionality extends beyond property insurance claims, benefiting renters’ insurance and auto insurance customers with swift claims payments.
By partnering with nearly 1,000 sustainable merchants, Karma Wallet enables users to earn significant cashback rewards while supporting environmentally and socially responsible businesses.
Palomar’s collaboration with Karma Wallet underscores its commitment to sustainability and corporate responsibility, enhancing its Environmental, Social, and Governance (ESG) reporting by providing aggregated data on the positive impacts made by Palomar customers.
Jayant Khadilkar, CEO and co-founder of Karma Wallet, commented, “We’re thrilled to partner with Palomar. Our new prepaid reloadable debit card not only streamlines claims processes but also empowers individuals to make a difference with their everyday spending by amplifying the socioeconomic impact of every transaction and fostering a more conscientious consumer culture.”
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