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Hyper-Personalized Insurance Plans

Oscar Makes Insurance More Flexible for Families and Businesses

— February 12, 2019 — Lifestyle
Oscar is a hyper-personalized insurance plan provider that aims to help both families and businesses get the best and most affordable coverage possible. The company aims to help members save up to $600 a year on insurance coverage and offers plans that are based on one's income, age, family size, physical activity frequency and other personal details.

The insurance company's detailed questionnaire helps members access the most custom plan possible while ensuring their chosen level of coverage -- either Bronze, Silver or Gold -- is also budget-friendly.

Oscar members can unlock a variety of exclusive benefits like unlimited Doctor on Call access 24 hours a day, cash earned for step tracking milestones, prescription deliveries and no required referrals when looking to visit a local specialist or hospital.
Trend Themes
1. Hyper-personalized Insurance - Disruptive innovation opportunity: Develop customizable insurance plans that cater to individuals' unique needs and preferences.
2. Affordable Coverage - Disruptive innovation opportunity: Introduce innovative pricing models and strategies to make insurance coverage more affordable for individuals and businesses.
3. Exclusive Benefits - Disruptive innovation opportunity: Create additional perks and incentives that enhance the value proposition of insurance plans, such as access to unlimited doctor consultations and cash rewards for healthy behaviors.
Industry Implications
1. Insurance - Disruptive innovation opportunity: Use advanced data analytics and technology to create personalized insurance plans that better meet the needs of customers.
2. Healthcare - Disruptive innovation opportunity: Integrate health and wellness services into insurance plans to promote preventive care and improve overall health outcomes.
3. Technology - Disruptive innovation opportunity: Develop innovative digital platforms and tools that enable seamless insurance plan customization, enrollment, and management.
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