Health and Life Insurance are vital requirements in present era due to highly expensive medical treatments and life-threat in today’s busy life and unbalanced environment. Many people had lost their lives recently in floods and storms. Countless people got injured badly. Only life and health insurance policies keep you and your family safe from financial crisis in such bad accidents.
Association of British Insurers (ABI) understands the importance of health and life covers in Brits lives hence always thinks about how to make the underwriting process easy and fast for end consumers. Recently ABI has published a set of high level principles for e-Signature’s usage. This will make the entire process of applying and buying insurance covers easy and fast for consumers.
By publishing these principles, ABI wants to build trust in GPs and consumers that consumers’ consent with e-Signature is completely safe and secure as the current paper-based system. It also helps to speed up the task of providing valuable life insurance cover and annuities for consumers.
Joint General Practitioner Information Technology Committee of British Medical Association and Royal College of General Practitioners (RCGP) with approval of General Medical Council (GMC) also contributed with ABI in developing these principles.
Comparison between e-Signature consent with Wet Signature based process
See the full width image here
Benefits of e-Signatures in underwriting process of insurance
Hassle-Free: No tension of bothersome paperwork! And save postage costs as well.
Safe- No risk of documents being tampered because you can keep the track on changes that have been made.
Fast- No filing, faxing or printing, so it consumes less time than the ordinary process.
Verification Methodology for matching signer with medical data consent
Three types of methods will be applied for associating e-Signature signer with consent being granted.
Above three methods will be helpful for creating evidential link between the signer and the consent being granted.
Protection and Health Policy Advisor at Association of British Insurers Charlie Campbell said “These Principles set an industry standard, giving doctors and customers a confidence that using e-Signatures is safe and secure, and will speed up the underwriting process for the benefit of customers.”
You can buy private medical insurance(Health Insurance) online.