Medical tests may not be necessary for getting yourself a term cover even for a large sum assured, if ICICI Prudential Life Insurance has its way.
As part of a process simplification objective, the private life insurer is looking at whether publicly available information of a customer could be used to assess mortality in a faster way than requiring him to go through ‘medical tests’, a top official said.
“What we are trying to do is: if I know the profile of a customer, can I assess mortality without using medical tests. We will use artificial intelligence and the idea is to find a substitute for medical tests,” Sandeep Batra, Executive Director, IPRULIFE told BusinessLine .
