×

SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME

  • US 20090299774A1
  • Filed: 06/03/2009
  • Published: 12/03/2009
  • Est. Priority Date: 06/03/2008
  • Status: Active Grant
First Claim
Patent Images

1. A system for managing an insurance scheme, the system including:

  • a calculation module to, on the occurrence of an insured event for an insured person of the scheme, calculate a subsidy for subsidising expenses for the insured person or a nominated beneficiary of the insured person, wherein the subsidy is calculated by accessing data defining a plurality of categories of expenses and determining for each defined category of expenses a spend amount being either an average historical spend amount over a period of time prior to the insured event or an actual spend amount for a period of time after the insured event, the calculation module further calculating a percentage amount by accessing data indicating the insured person'"'"'s participation with a wellness programme, the calculation module then calculating the amount of the subsidy for each category of expenses by multiplying the percentage by the spend amount; and

    a payment module to obtain the amount of the subsidy for each category of expenses and to effect payment of the subsidy for each category of expenses to the insured person, the nominated beneficiary or a third party goods or services provider.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×