No premium health insurance to be introducedSociety
Ulaanbaatar /MONTSAME/ National startup ‘Insur’ offers a new health insurance system without premium. The system allows to collect health points from daily purchases and get insurance through the mobile phone.
There are three main ways to collect points. First, it is possible to transfer the existing loyalty points such as Candy or RedPoint, second, collect points from daily purchase such as food or gas at the companies that are connected to the Insur system. Third, increase loyalty points by transferring money.
Insur is not just loyalty points, but the shared loyalty system. Thus, the companies that don’t offer loyalty programs can give their customers health points through the system.
It’s remarkable that the company’s valuation reached USD 1 million recently. It plans to hold the preliminary opening in the second quarter of 2019 and official launch in the third quarter.