InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums,  It will be the first ever to emit insurance policies both in smart-contract and traditional paper form. With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.