IoT implementation has been scant, if at all, in the health insurance sector in India. More so, because its eco system has not been thought of. Here is a schematic which considers IoT holistically, connecting these implementations to various other possibilities through actuarial, product pricing and even loyalty management.

1. Wearable
Device
Wearable
Device App
Insurance Co App
Mobile Device
LEARNING
$
+
CLAIMS
Content
Server
Reward
Partner
Rewards
Store
Peer Group
Gamification
Healthcare
Provider
Emergency
Services
Renewal
Related
Data
Group Data
Backed Action
Individual
Data Backed
Action
Rewards
Wellness
Content
• Prior Intimation
• Flag for Claim
Ratio
Forecasting
• Patient
Information
• Location
• Patient
Information
• Patient
Parameters
1
2
3
4
Phase 1
Phase 2
Phase 3
Phase 4
External Provider
Cloud Hosted
1
1
1
2
22
3
3
4
4
Data*
* Data related to
• Blood Pressure
• Heart Beat
• Steps
• Exercise Data
• GPS Read
• Stress Level
• Sleep Patterns
2
EDW
ENTERPRISE
APPLICATIONS
ANALYTICS
KNOWLEDGE
MANAGEMENT
2
3
4
Wellness
Content
Provider
3
Wellness
Content
1
PRODUCTS
ACTUARIAL
TECHNICAL
UNDERWRITING
3