SINGAPORE, Sept. 21, 2022 /PRNewswire/ — Blockchain-powered Insurtech platform LivWell Holdings Company Pte Ltd (LivWell Asia) was just lately chosen as one of many six startups to be a part of the accelerator programme, Flipkart Leap Ahead by India’s homegrown e-commerce platform, Flipkart.
In addition to an funding into LivWell, Flipkart Leap Ahead as a part of its program will facilitate mentoring by Flipkart senior leaders.
“While expediting our vision to set up India’s first blockchain-powered insurance distribution in a bite-size and affordable format within an engaging health and wellness landscape, we are confident in harnessing the power of the health ecosystem and rewarding Indian customers for adopting healthier habits. We aim to use blockchain for claim settlement and securing the activity data of our users,” mentioned Nikhil Verma, Co-founder and CEO of LivWell Asia.
Prior to the funding by Flipkart by way of Flipkart Ventures Fund, LivWell Asia gained a number of awards in 2022, together with Insurtech Award with 1337 Ventures and FWD Insurance Alpha Startup Studio which supplies entry to funding and a launch pad to enter the Malaysian market.
LivWell additionally certified for the IFSCA Sandbox earlier this 12 months that permits activity-based insurance merchandise testing in IFSCA markets akin to Indonesia.
The model focuses on end-user engagement with the worth of life-style and rewards based mostly Insurtech merchandise. Providing wearable units and holistic companies akin to health club memberships and diet plans amongst others, the model’s core product, a health app which integrates with wearable good units, engages customers with health challenges together with reserving lessons, after which use exercise knowledge to advocate bite-size insurance insurance policies.
LivWell Asia just lately launched a pilot programme in Vietnam with embedded insurance smartwatches (LivWell Cosmos) that allow customers unlock protection based mostly on their step rely and different parameters at an reasonably priced worth level. The Insurtech firm will even quickly launch NFTs with the limited-release LivWell Lux Smartwatches in Vietnam as a take a look at run.
For additional data, go to www.livwell.asia.
About LivWell Asia
LivWell Asia is a blockchain-powered Insurtech platform providing participating well being, wellness, and insurance merchandise with operations in Vietnam, India, and shortly in Malaysia. Its take a look at market in Vietnam garnered 130,000 energetic customers and over 37,000 lives lined within the final two years. The firm has since partnered with Allianz Partners, PVI, Sun Life Insurance, and the most important chain of health facilities in Vietnam, California Fitness and Yoga centres
