Artificial Intelligence (AI)-based insurtech startup Fedo has raised $1 million in pre Series A round led by Unicorn India Ventures. This is Unicorn India's fifth investment from its Rs 400 crore Fund II. The funding round saw participation from SEA fund along with Ashish Mehrotra, Former MD and CEO, Max Bupa.
Founded in 2017 by Prasanth Madavana and Arun Mallavarapu, Fedo is a Bengaluru-based insurtech startup, which has built an AI/ML platform that leverages the power of deep tech and medical research to automate underwriting in the health and life insurance sector. It uses computer vision and AI algorithms to help insurers enhance sales, reduce costs, and enrich the quality of their portfolio.
According to a statement released by the company, Fedo plans to deploy the funds raised in launching the world's first ever image-based underwriting platform this year that would enable insurance on boarding in less than 60 seconds. It is also working with a global player to dynamically price retail and group premiums as well as plans to launch its operations in South East Asia and Australia this year.
Team at Fedo
Speaking on the investment, Prasanth Madavana, Co-founder, Fedo, said,
“Our vision is to offer AI backed solutions to insurance providers, which enables early identification of potential health risks by using non invasive methods thereby reducing out of pocket expenditures of individuals and making insurance accessible, affordable, and personalised.”
Fedo works with many health and insurance players in India and abroad with data driven smart portfolio management. Apart from this, the startup also supports population risk predictions, partnering with health departments of local governments in India and globally.
Anil Joshi, Managing Partner, Unicorn India Ventures, said,
“India is one of the most under-insured countries in the world. A big reason for this is that many people may want to take insurance but they don’t know which product works for them or covers ailments. Fedo has the capability to deploy AI and assess your health related risks. With COVID situation entering into the community stage in India and coming back in the second wave in other countries, the awareness about getting a health cover is on the rise. Insurtech players like Fedo are positioned right to leverage this trend.”
Edited by Megha Reddy
Original Source: yourstory.com
One of the trickiest yet most important decisions when flying is trying to decide what to take in your hand luggage. These will be the key items that you have access to on the flight and throughout the airport. Still, your options are limited, and space will be a premium, so you need to think carefully about exactly what you want to take with you to make the flight as relaxing and comfortable as possible. It will depend on your personality, but a few key items should certainly be considered when packing your hand luggage.
It is a good idea to keep any valuables in your hand luggage instead of in your hold luggage. This is because there is always an element of risk when it comes to holding luggage, and everyone knows someone who has had their stuff lost or stolen, so items like cameras and laptops are best kept in your hand luggage.
There will usually be some kind of entertainment available on the flight, but you will not know what this is in advance, so you should always bring your own. This might include a magazine, newspaper, book, and/or headphones so that you can listen to music or a podcast during the flight.
You will obviously need your passport and flight tickets to get on. Still, you might also find that it is a good idea to keep any other documentation that you need in a travel wallet in your hand luggage as opposed to in the suitcase so that you always have quick access to it (it is also a good idea to have digital copies stored in your phone). This might include travel insurance, hotel bookings, train tickets, and anything else.
Luxury Travel Pack
A luxury travel pack will have everything that you need to travel in style and feel your best. See CashLady’s luxury travel pack planner here, which will allow you to work out what the best items to buy that are within your travel budget so that you have what you need without spending a fortune, plus you can see how the rich and the famous travel with the high-end items.
Plane food is notoriously not the best, and you will find that the snacks can cost a fortune, so instead, you may want to load up before you get on the flight with a range of snacks – Smarter Travel have a good list of tasty snacks worth checking out. Keep in mind that you will not be able to bring water through security, but you can purchase bottles once you are past this point, so it is good to have some water.
If it is a long flight, you should also pack travel toiletries so that you can look and feel fresh when you land. This should include items such as a toothbrush, toothpaste, and facial wipes along with anything else that you might need.
Hopefully, this post will help you when packing for your next trip and ensure that you have everything that you need in your hand luggage.
The post What Are The Best Hand Luggage Items For Your Next Flight? appeared first on American Travel Blogger.
Original Source: americantravelblogger.com