health insurance Archives

January 14, 2024 By GOQii Leave a Comment

Embracing Wellness and Security: How GOQii is Revolutionizing Health Insurance

In the vibrant tapestry of India, where the pursuit of longevity and preventive health is increasingly paramount, GOQii is emerging as a vanguard, revolutionising the realm of health insurance and personalised medicine. This is a story not just of insurance, but of a profound shift towards a future where health care is custom-tailored, proactive, and deeply intertwined with the joys of living a long, healthy life.

The narrative of health insurance in India is however fraught with concern. A staggering 80% of the vibrant mosaic of people, from the verdant villages to the bustling cities, find themselves without the security blanket of health insurance, leaving them vulnerable to the chilling winds of unforeseen medical expenses. This narrative takes a poignant turn in the tale of an average family, where the primary earner’s illness can unravel the fabric of their financial stability, often leading to a downward spiral of debt and despair.

Within this narrative, GOQii stands as a beacon, guiding a transformation from reactive to proactive healthcare. The company’s innovative model fuses health insurance with the active pursuit of wellness, emphasising the primacy of preventive health. This strategy, deeply rooted in the philosophy of personalized medicine, recognizes the unique health signatures of individuals, tailoring health interventions to their specific genetic, environmental, and lifestyle factors. It’s a model that promises not just to treat but to forestall, pushing the boundaries of longevity.

Longevity is about extending the vitality and health span of individuals, not just adding years to life. By proactively addressing wellness and health risks before they manifest, GOQii aims to enhance the quality and duration of life, ensuring that each year is lived to the fullest

At the forefront of GOQii’s approach is the artful integration of gamification. This element transforms the journey of health into an engaging, rewarding odyssey. Each step, each choice for a healthier lifestyle, is not just a move towards longevity but also a play in a larger game of wellness. Users are motivated by points, rewards, and recognition, making the pursuit of health a fulfilling and enjoyable experience.

GOQii is not just offering a lifeline; it’s promoting a lifestyle. They have ingeniously woven health insurance with an active pursuit of wellness, creating a synergy that underscores their credo: healthy living is a reward in itself. It is not just about mitigating risks but about transforming lives. The subscribers of GOQii are drawn into a dynamic ecosystem where their steps towards health are measured, monitored, and, most importantly, rewarded.

GOQii’s insurance cover reflects this innovative ethos and pivots on the user’s engagement in their health. The more actively users participate in managing their health through fitness routines and regular check-ups, the more they benefit. This model fosters a win-win situation: lower premiums for healthier lifestyles and enhanced health benefits, leading to a decrease in the incidence of chronic diseases and a corresponding reduction in healthcare costs.

At the heart of this narrative lies a profound belief: that the future of healthcare is not just in treating illness but in celebrating health. GOQii’s platform is a testament to this belief, designed to inspire, engage, and reward. It’s a platform that embraces the joy of living a healthy life, supporting users in their journey towards not just surviving, but thriving.

GOQii is reimagining the landscape of health insurance and healthcare in India. It’s a vision that transcends the traditional confines of healthcare, embedding the ethos of preventive health, personalized medicine, and the joys of gamification into the very fabric of life. As this vision unfolds, it heralds a new era where good health is not just a prudent choice but a deeply rewarding and personal journey towards longevity and wellness.

#BeTheForce

May 18, 2023 By GOQii Leave a Comment

Re-Imagine Insurance With GOQii INSURE+

While not the most interesting topic in the world, let us tell you that health insurance is your secret weapon, granting you access to medical care while keeping costs in check. It acts as a safety net, shielding you from unexpected expenses and covering pre-existing conditions. Think of it as a personal coach, urging you to prioritize preventive care and take charge of your well-being. From regular check-ups to early issue detection, health insurance is a game-changer in protecting you and your loved ones from life’s surprises.

Now, while we understand the importance of health insurance, those high premium costs can make us pull the plug on this game-changer. But what if your health could determine your premium costs? The healthier you are, the less you pay! How is this even possible?

How Did We Re-Imagine Insurance?

By tying up with Kotak Mahindra Life Insurance Company Limited (KLI) and Kotak Mahindra General Insurance Company Limited (KGI), we launched GOQii Insure+ – India’s first outcome based health and life insurance program that enables you to get a Health Insurance cover for up to ₹5 lakhs and Life Insurance cover of up to ₹1 lakh.

How Does The GOQii Insure+ Plan Work?

To activate your GOQii Insure+ plan of Health insurance and Life insurance covers, all you need to do is activate your GOQii Personal Care subscription. Every GOQii player (user) that activates their Insure+ plan starts their health journey on the lowest tier of the S.A.F.E score i.e. Sedentary. At this level, you are eligible for a Health Insurance cover of ₹1 Lakh & a Life Insurance cover of ₹1 Lakh.

By logging in your daily habits such as steps, food intake, water logs, sleep, exercises and others (set by your personal coach) and achieving your daily health targets, players can improve their SAFE score and progress to Active, Fit and Elite to increase the value of their health insurance cover. On reaching Elite, players are eligible for up to ₹5 lakh Health Insurance + ₹1 lakh Life Insurance Cover.

Refer to the table below to understand the tiers in the SAFE score

GOQii SAFE Score	Eligible Insurance Cover
Sedentary	Up to ₹1 lakh Health Insurance + ₹1 lakh Life Insurance Cover
Active	Up to ₹2 lakh Health Insurance + ₹1 lakh Life Insurance Cover
Fit	Up to ₹3 lakh Health Insurance + ₹1 lakh Life Insurance Cover
Elite	Up to ₹5 lakh Health Insurance + ₹1 lakh Life Insurance Cover

What Happens If Your SAFE Score Drops?

If you are unable to maintain your SAFE score, you will drop down 1 level from your existing tier and will be eligible for the insurance cover under the tier you fall in. For e.g. If you belong to the Elite Tier and are unable to maintain the minimum SAFE score, you will drop down to the Fit level and will be eligible for health insurance cover of ₹3 lakh Health Insurance + ₹1 lakh Life Insurance Cover at the time of claim.

In case if you are sedentary for more than 60 days, on the GOQii App, you will lose the GOQii Insurance Cover.

You can choose your GOQii Insure+ plan here. To active it, follow the steps below:

For New GOQii Players

Download the GOQii App
Login to the GOQii App using your mobile number and the activation code received along with the device
Insurance plan will be activated automatically post successful activation

For Existing GOQii Players

Go to the ‘my subscriptions’ tab on the GOQii app
Tap on the ‘Change Plan’ option
Scroll to the ‘Annual’ section and subscribe to the GOQii Personal Care Plan

If you have any more questions or doubts, you can check the FAQs here.

Get Insured and #BeTheForce

April 7, 2019 By GOQii Leave a Comment

Stay Active, Stay Covered, Stay Stress Free | World Health Day

One of the key points mentioned during GOQii’s annual event in December last year was that our current healthcare systems focus more on ‘sick care’ rather than preventive healthcare. Measures taken to ensure good health are often reactive as compared to proactive. The problem with this approach is that any precautions we take concerning health won’t be in place until it is too late.

We couldn’t stress more on why this mindset of ‘sick care’ is unyielding as opposed to leading a healthy lifestyle from the start. But as the case with most diseases and unpredictability of unfavorable circumstances, you can never be too prepared. With high healthcare costs and the trust in the healthcare systems decreasing, health insurance is certainly the need of the hour.

Universal Health Coverage

Everybody everywhere is entitled to health coverage that does not harm or put their finances at risk. Based on the WHO constitution of 1948, which declared health a fundamental human right and on the Health for All agenda set by the Alma Ata declaration in 1978, this year’s WHO theme for World Health Day is Universal Health Coverage. It is to ensure better health and protection for the poorest of the poor.

India and Universal Health Coverage

In India, approximately 62% deaths among men and 52% among women, occur due to non-communicable diseases. Due to the low utilization of the public health system, lack of effective management, awareness, and fragmentation of the healthcare services, families are forced to incur high expenditures leading to impoverishment and poverty on account of medical and hospitalization expenses. (source: https://www.pmjay.gov.in)

In an attempt to fulfill the vision of Health for All and Universal Health Coverage, the government conceived Ayushman Bharat, an initiative led by our Prime Minister Narendra Modi. Ayushman Bharat encompasses two complementary schemes, Health and Wellness Centers and National Health Protection Scheme. The Protection Scheme is envisaged to provide financial risk protection of Rs 5 lakh per family, per year to poor and vulnerable families arising out of primary and tertiary care hospitalization.

How GOQii Can Help

GOQii has always believed in enabling individuals to move from a reactive healthcare pattern to a more proactive one. The only way to achieve this is by rewarding good health. By using the data we collect, insurance companies lessen or alter the premiums paid for the life/health insurance they offer to their users, thereby cutting the cost for healthier users and altering the same for higher risk users. This helps the insurance companies and insurance holders make an informed choice of dealing with their health risks.

Through our partnership with Max Bupa, we offer a holistic health insurance offering called –‘Max Bupa GoActive’ to fulfil our customers’ daily health needs. GoActive is a digitally enabled health insurance plan that has been designed to give customers a 360-degree coverage including in-patient hospitalization and on-the-go access to OPD, diagnostics, personalized health coaching, second medical opinion, behavioral counseling and much more. The plan offers up to 20 per cent premium discount on achieving predetermined health scores and also offers benefits such as renewal discount of up to 20 per cent post achieving their health goals. We have also partnered with Swiss Re to provide underwriting assistance to Max Bupa wherein Swiss Re uses GOQii’s data to create relevant products and also build expertise to create risk assessment models for future.

In simple terms, get healthier, improve your health score and pay less premiums on your insurance cover.

To ensure good health and wellness, GOQii has organized a World Health Day Super Sale on the GOQii Health Store. Get amazing discounts on healthy products curated by our experts by using your GOQii Cash. Download the app now to avail its many benefits for free: www.goqii.com/app

#BeTheForce

January 11, 2019 By GOQii Editor 1 Comment

Insurance: An Investment in health-India Fit Report 2019

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85% people believe they should get health insurance before the age of 30: Massive demand for Health Insurance fueled by an increase in Lifestyle Diseases & Growing Healthcare cost: GOQii IndiFit Report 2019

The sedentary lifestyle which many of us lead has facilitated the growth of many lifestyle diseases. A new ailment turns up time to time and this is way past the phase of surprise. Trust in the healthcare system has further depleted with 96.5% of people not trusting the system as the number of zeroes on bills keep increasing and thus the need for health insurance is higher than ever.

According to the 5^th edition of the GOQii India Fit Report 2019 titled that released yesterday, “There is a massive demand for Health Insurance fueled by an increase in Lifestyle Diseases & Growing Healthcare cost” The survey that was conducted among 700,000 respondents across the country indicates that 85% respondent believe they should get health insurance before the age of 30.

The report, however, indicates despite the increasing awareness about the importance and need for an insurance policy, 20% of the respondents still don’t own insurance policy. The common notion that continues to prevail is that insurance is confusing to understand, a prime reason that discourages people from buying one. The high cost of insurance also deters them.

healthinsurance-graph Insurance premiums are on a constant rise, it is getting more expensive year after year and procuring ideal health insurance for you and your family has become shockingly confusing. What exactly is “Ideal” when we talk about Health Insurance?

Respondents at large felt that ideal health insurance should cover medical check-ups, cost of medicines, Ambulance charges, Dental treatment, Follow-up charges post-surgery and preventive medicines. The other benefits they looked for also included Accidental coverage, Good Afterlife benefits, Benefits for nominees, complete coverage / Maximum cover, Easy claim settlement, Sum assured benefits and term insurance benefits. Respondents strongly believed cashless hospitalization (87.9%) is the most sought-after health insurance benefit followed by medical bills reimbursement facility (67.7%) and better treatment in best hospitals (59.0%).

When we asked the respondents about what a trustworthy insurance plan would be? This is what he had to say, “A trustworthy insurance plan should have a low premium, high returns, wide range of ailments that will be covered under insurance and no deductions based on the condition of a person while he/she buys the insurance”.

According to the India FiT report 2019, 90% of people believe healthier people should pay lesser premiums on their insurance policies. 70% are willing to share health data with insurance companies to get a discount on premiums.

Download the full report here: www.Indiafit.org