Insurance coverage well being checks in your smartphone? Sure, please!


Stephen van Niekerk, Government Head of Momentum Myriad


Do you know that your smartphone can precisely assess your well being in lower than two minutes, immediately evaluating well being indicators similar to blood strain, coronary heart price, and oxygen and stress ranges?

Due to Momentum Life Insurance coverage’s first-in-industry innovation, LifeReturns®, your smartphone can analyse your well being threat components rapidly and precisely to offer you an instantaneous personalised low cost of as much as 35% in your month-to-month Momentum life insurance coverage premium. Plus, the smartphone screening know-how is a great tool for doing ongoing well being checks on your personal peace of thoughts.

Stephen van Niekerk, Government Head of Momentum Myriad, says that Momentum Life Insurance coverage reimagined life insurance coverage as we all know it by embracing digital innovation. ‘This led us to launch our revolutionary new screening innovation and low cost mechanism, LifeReturns®, a worldwide first within the life insurance coverage {industry}. LifeReturns® makes use of out there smartphone screening know-how, much like taking a ‘selfie’ video, to analyse mild mirrored from facial pores and skin for measuring well being threat components inside a 90-second cellular screening session.’

By asking a number of further necessary questions that cowl BMI, estimated health degree, and medical-aid membership, the LifeReturns® screening know-how can instantly calculate and provide shoppers reductions on premiums.

And if you’re a wholesome shopper, and youthful than 50, the LifeReturns® screening course of also can simplify and streamline the life insurance coverage underwriting course of for you. Qualifying shoppers, who efficiently full the FastTrack digital underwriting questions as a part of the LifeReturns® screening course of, can have their cowl issued instantly after their software has been submitted – with out the necessity for additional conventional medical exams.

What’s extra, as a result of the one ongoing requirement is an annual digital reassessment, shoppers successfully get a free digital well being checkup after they do their annual reassessment screening, which serves as an early-warning system about well being threat components that would turn into problematic. ‘Shoppers can do no matter they select to keep up their wholesome way of life. Our solely requirement is an annual reassessment that entails a self-screening with their smartphones, which takes between three and 10 minutes,’ says Stephen.

He provides that shoppers even have the choice to finish further voluntary screenings all year long in the event that they need to preserve a better test on their vitals. ‘For the reason that launch of LifeReturns®, there have been a number of circumstances of the screening know-how figuring out well being points, similar to hypertension, which the shoppers have been unaware of. With these sorts of problems, early detection is extraordinarily essential, because it considerably will increase remedy success and life expectancy charges. The LifeReturns® screening is due to this fact offering advantages above and past what it was initially designed to do.’

LifeReturns® can be revolutionary from a cost-effectiveness and comfort perspective. ‘This know-how has supplied us with the chance to digitalise our software course of fully – from the quote stage to making use of for insurance coverage. This protects our shoppers, our monetary advisers, and us effort and time, reduces prices, and helps us preserve life insurance coverage inexpensive.

‘Compromising on the standard of advantages and breadth of canopy isn’t an choice for us, so affordability and ease want to return from faster, more cost effective processes, offering shoppers with a simple, low-effort, and intuitive course of for incomes and sustaining reductions to scale back their life insurance coverage premiums,’ says Stephen.

To search out out extra about Momentum LifeReturns®, click on right here or converse to your monetary adviser.

 Momentum is a part of Momentum Metropolitan Life Restricted, an authorised monetary providers and registered credit score supplier. Reg. No. 1904/002186/06

This publish and content material is sponsored, written and produced by Momentum.

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