India’s Largest Health Insurer Launches AI-Powered Health Insurance Assessment Tool
Future Generali India has introduced an innovative AI platform called ‘Health Shield Advisor’ designed to simplify the process of determining appropriate health insurance coverage for individuals. This advanced tool aims to bridge the country’s significant health insurance protection gap, currently standing at 73%, primarily due to insufficient coverage and rising healthcare costs.
The ‘Health Shield Advisor’ uses a series of questions to analyze an individual’s lifestyle and coverage preferences, providing a tailored insurance solution. By calculating the exact amount of insurance coverage required, it helps individuals make informed decisions about their health insurance needs.
This development comes as India’s health insurance sector continues to grow, with projections suggesting that health insurance coverage is likely to reach 50% this year. The introduction of AI-powered tools like ‘Health Shield Advisor’ is expected to drive further growth and innovation in the industry.
The use of artificial intelligence in insurance, particularly in health insurance, is becoming increasingly prevalent. It not only enhances customer experience but also improves the accuracy of insurance assessments. Future Generali India’s initiative is a significant step towards leveraging technology to address the insurance protection gap in India.
