15 July 2019 13:30
Photo : Freepik
iA financial Group has extended the acceptance instant policies individual life insurance in the amount of one million dollars. At the launch of the practice in 2017, the insurer allowed an acceptance instant policies with a sum insured of $ 500 000 and less.
Customers 50 years of age and under will no longer have to undergo systematic medical examinations such as blood profile, vital signs, or urine analysis when they underwrite a life insurance amount up to a million dollars.
Analysis models predictive
The insurer claims to make this possible ” thanks to its technological platform EVO “, which uses analysis models predictors to analyze the requests. “Now, the representatives will be able to confirm the acceptance of an instant to most of their customers after completing a medical questionnaire, with great simplicity,” says ai.
“The constant innovation of our underwriting process and acceptance instant point-of-sale solidify our long term relationship with our representatives and enroll directly in our commitment that it is always easier and faster to do business with us,” says Valerie Lelievre, vice‑president, business solutions, distribution and marketing. The novelty announced today makes use of the latest technologies in order to offer our customers and representatives with an experience of underwriting is unmatched. “
Several insurers have adopted the practice
In addition to iA, Desjardins Insurance and Humania Assurance also made the leap to a subscription to the lean, respectively, in 2017 and in 2016.
At the time, Desjardins was doing it for the policies with a sum insured of $ 500,000 or less without the use of medical examinations for clients of up to 40 years.
In his case, Humania dealings of the products at issue simplified on the Web for the past six years, but has made the leap into the subscription accelerated in October 2016 with its platform HuGO. Since the platform connects to the central medical information to the MIB, the tests are not required. At launch, there was no requirement automatic up to one million dollars of sum insured.