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Insurance has always been something that offers peace of mind to people during their tough times. But, in today’s digital world, this peace of mind is just in your pocket. With the rise of the internet and mobile usage, insurance companies have evolved beyond the usual paperwork and phone calls. They started offering seamless services right through the mobile apps, thus making it convenient for both the insurers as well as customers.
And insurance apps have transformed how customers interact with insurers by making everything simple. For instance, from pulling up your policy card at the airport to filing a car accident claim insurance within a matter of minutes, everything has been simplified!
Apart from just “Convenience,” these apps help businesses cut down operational costs and stay ahead of the competition. No matter whether you are running a small insurance agency or an established enterprise, developing an insurance app offers you the required edge!
In this blog, we will break down the following,
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There are several types of insurance so do the insurance apps as well. Each type is built to cater to the needs of different audiences and coverage types. Let us explore them.
As the term suggests, it is a long-term commitment, and life insurance apps make it easier for policyholders to get a good amount of coverage.
These apps allow users to,
Example
Just imagine a case where you have bought a 20-year term policy. A life insurance app like Prudential’s life planner will send you monthly reminders before your due date. And it will also show how much your policy has grown in value.
This is a lifesaver, one, and is for car, bike, or other vehicle owners, who can have quick access to insurance services after an accident or injury.
Vehicle insurance apps offer,
Example
With apps like GEICO mobile, users can click a picture of the damage that occurred, and it will automatically track their exact location with GPS. And you can easily send the data to your insurer and can even arrange a tow truck or other roadside assistance requirements within minutes!
Whether it is an individual home or an apartment, or a private villa, protecting real estate is a high priority.
Property insurance apps help owners in several ways like,
Example
If there is a water leakage problem in your house, and it ends up damaging your ceiling, then you can make use of the property insurance apps like State Farm’s Pocket Agent. This allows you to upload images of the damage, submit a claim instantly, and users can track every stage until payout!
Health insurance apps have become a go-to choice among people, as they have simplified everything from doctor appointments to insurance claims.
These apps offer services like,
Example
With Aetna Health, users can find out the nearest network hospital and can instantly book a doctor consultation either through a video call or in person. And they can file for health insurance claims and earn wellness points if they hit their daily healthy habits goals!
These apps are for frequent travellers. Whenever they are overseas, they might require fast support during unexpected situations and emergencies.
Travel insurance apps provide,
Example
For instance, your flight has been delayed in Paris, and apps like Allianz TravelSmart will help you in such a situation. Which automatically notifies you about the delay and offers claim options. And can even connect you to local assistance in case you are facing issues navigating the region.
Businesses often find it hard to juggle multiple insurance policies, since they need to maintain several employee health plans and other coverages. And business insurance apps help these companies in various ways,
Example
Companies can make use of Chubb’s business app, where they can upload all details about employee health insurance cards. And can approve multiple claims at once without any delay. And they can also monitor policy compliance across various office locations!
An insurance app is like having a personal insurance agent in your mobile phone, which is always available and offers you the required data. Here is a list of key features that make it work,
This feature allows you to store all your insurance documents in a single place. Instead of just hunting for it here and there and digging through emails, users can view their ID cards and policy coverage details anywhere and at any time!
The user registration process is the first thing users will undergo upon entering the app. And it should be smooth and with minimal steps. Quick sign-ups through email, phone number, or social login make the onboarding process super-easy. Meanwhile, multi-factor authentication keeps the sensitive user data safe and secure.
Filing a claim and getting the returns is very time-consuming and stressful at the same time. But this feature simplifies it. Users can report incidents and upload images as proof and track the claim progress in real time! So, there is no more waiting for long calls or branch visits to know “What’s happening with my claim?”
With this, users can view several things without contacting the insurance agent, like
Buying new coverage is faster with the help of an in-built quote generator. Users can enter their details, compare other plans, and see the costs and benefits. This helps them decide well and choose the right policy without much paperwork!
No one wants to miss out on payments or be due and then pay penalties for that. This feature allows users to pay premiums instantly with the help of credit cards, UPI, or net banking options. This ensures their policy never lapses.
With the help of automated push notifications and alerts, users can easily learn about,
This makes sure that users always stay informed!
A secure payment gateway ensures that users’ transactions are not only smooth but also encrypted. This ultimately boosts confidence in users and keeps the data protected.
Developing an insurance app involves several major steps, each of which must be navigated with proper planning to launch a successful insurance app.
This is the first step, where the ideas take shape. Businesses need to do proper market research to identify the app’s target audience, competitors, and other goals. This helps them conclude which features and functionalities to add.
This step involves planning the roadmap. It includes deciding on major factors like,
Here, the design team creates the wireframes to visualize the app’s workflow. A clean and clear user interface is essential to allow users of all levels to easily navigate the app without much complexity.
The development phase is where the app comes to life, and both frontend and backend developers code the system. And after this rigorous testing happens, it to identify bugs at the earliest. As this helps them fix the bugs and other issues before they hit the end users!
Upon testing, the app is launched on various platforms like the Apple App Store and Google Play Store. But, to be honest, your work doesn’t end with just deploying the app! It goes beyond it, where you need to ensure your app undergoes regular maintenance and upgrades to stay competitive in the market.
Choosing the right development partner is crucial to ensure the success of your insurance app. At Fourchain Technologies, we have a team of skilled developers with hands-on expertise, and they can develop insurance apps that are both scalable and secure at the same time!
We are very conscious of offering our clients more than just code! We want to craft the solution inch by inch, just like how our clients want it to be, so that it aligns with their business goals.
Our teams’ main goal is to craft an intuitive and user-friendly interface that allows customers to enjoy a first-class user experience right from policy purchase to claim settlement.
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