Health and Life Insurance companies in India and elsewhere in the world perform several medical tests and ask several questions to prospective customers in order to ascertain risk and right premium. In our experience, this process is time consuming and that increases the time taken to conclude the sales cycle. Further, we have ascertained that by enrolling policy holders in regular health check and life style improvement programs risk of future hospitalization can be substantially mitigated.
Under Avekxa we have constructed a service for the Insurance Companies and Agents to partner with us in order to enroll policy holders to our Primary Healthcare Management and Preventive Care Management Program. It can offer them tremendous benefits not only in future cost savings but also to reduce sales cycle, increase ease of data access and compliance.