In fact, it can also lower your life and health insurance cost by 10-15% the next time you pay the premium. When it comes to health insurance, wearables present a huge opportunity,” points out Anurag Rastogi, member of executive management, HDFC Ergo General Insurance. Marrying tech with insurance: Companies are using wearables to understand the risk profile of the customer and other physical parameters. These points translate into lower health insurance premiums or increased benefits up to 10% of the premium amount,” says Cigna TTK Health Insurance MD and CEO Sandeep Patel. “This eventually could result in lowering the premium on health insurance paid by policyholders during renewals by about 10-15%.

Source: dna December 18, 2017 19:52 UTC