Canara HSBC Life Insurance joins with Fedo.ai for AI-enabled non-invasive health assessments

In order to foster a new chapter in the field of AI-enabled non-invasive health evaluations, Canara HSBC Life Insurance (CHLI), a joint venture between Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited, has partnered with Fedo.ai, an AI-enabled healthtech firm. The collaboration will make use of Fedo's state-of-the-art AI facial scan technology in conjunction with Canara HSBC Life's vast insurance business experience. 

Customers will receive a rapid, non-invasive health assessment scan as part of the agreement, which will expedite underwriting procedures and onboarding timelines, the firm said in a statement.

Users may do health checks from the convenience of their homes using Fedo's cutting-edge 14-second facial scan, doing away with the necessity for intrusive treatments or hospital stays. In addition to reducing inconvenience and saving time, the technology improves access to healthcare, especially in rural areas.advanced AI facial recognition technology.

The collaboration emphasizes the shift to personalized healthcare by providing comprehensive insights into each customer's health data, enabling people to make well-informed decisions that put their long-term wellness first.

Using a rapid 14-second facial scan on a mobile device, Fedo uses cutting-edge AI algorithms to monitor 14 important health metrics, including heart rate, BMI, blood sugar, heart rate variability (HRV), stress, cholesterol, and respiration rate. It forecasts healthcare expenses for the ensuing five years and identifies six possible disease risks. Fedo also uses gamified smart surveys and mobile phone movies to assess mental wellness.

According to Fedo, its services include risk assessment and lead generation for insurance companies, risk assessments and insights for employee wellness programs, and remote health monitoring for healthcare professionals.