Canara HSBC Life Insurance (CHLI), a joint venture between Canara Bank and HSBC Insurance (Asia Pacific) Holdings, has joined hands with Fedo.ai, an AI-enabled health-tech company, for AI-enabled non-invasive health assessments.
This partnership will leverage Canara HSBC Life’s extensive experience in the insurance industry, combined with Fedo’s cutting-edge AI facial scan technology.
As part of the partnership, underwriting processes and onboarding times can be handled more efficiently by providing customers with a quick, non-invasive health assessment scan.
Customers can perform health assessments from the comfort of their homes without the need for invasive procedures or hospital visits. With Fedo’s quick 14-second facial scan, customers can access vital health information, thereby saving time, reducing hassle, and enhancing accessibility—especially in remote areas.
Ashish Kapoor, VP and Chief Underwriter of Canara HSBC Life Insurance said, “Our collaboration with Fedo.ai represents a significant step in our mission to prioritize the well-being of our customers. By integrating Fedo’s AI-powered facial scan technology into our underwriting process, we’re making health assessments faster, simpler, and more accessible for everyone. Our goal is to take better care of our customers by providing them with the tools to make informed decisions about their health and future. Ultimately, this partnership allows us to focus on what matters most—the long-term well-being of those we serve, while ensuring a seamless, compassionate experience at every stage of their journey with us.”
Prasanth Madavana, Co-founder and CEO of Fedo.ai said, “The use of advanced AI not only enhances accuracy but also helps insurers make faster, more informed decisions. Our partnership ensures that the underwriting process is both seamless and efficient, empowering Canara HSBC Life Insurance to provide faster and more personalized service, while maintaining the highest standards of care for every individual.”
