MANAGING AN INSURANCE PLAN
First Claim
1. A method of managing an insurance policy, including:
- using at least one computer to execute software stored on non-volatile memory, the software configured for;
accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy;
receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount;
storing the benefit amount data and premium data in a database;
defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time;
zeroing an additional premium amount for the predetermined period of time;
processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and
calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of managing an insurance policy uses at least one computer to execute software stored on non-volatile memory. The software is configured for accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; storing the benefit amount data and premium data in a database; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; zeroing an additional premium amount for the predetermined period of time; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time.
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Citations
11 Claims
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1. A method of managing an insurance policy, including:
using at least one computer to execute software stored on non-volatile memory, the software configured for; accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; storing the benefit amount data and premium data in a database; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; zeroing an additional premium amount for the predetermined period of time; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system for managing an insurance policy, the system including:
at least one computer to execute software stored on non-volatile memory, the software configured for; accessing at least one benefit amount to be paid out to the insured person on the occurrence of an insured event defined under the policy; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; zeroing an additional premium amount for the predetermined period of time; storing the insured event, benefit amount and premium data; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the stored benefit amount and premium data, an additional premium amount to be paid for the additional benefit cover to be payable if an insured event occurs after the predetermined period of time. - View Dependent Claims (8, 9, 10, 11)
Specification