In a strategic partnership aimed at enhancing customer experiences in health assessment, Canara HSBC Life Insurance (CHLI) has joined forces with Fedo.ai, a pioneering AI-powered health-tech company. This collaboration integrates Fedo’s state-of-the-art facial scan technology with CHLI’s industry expertise, creating a revolutionary approach to non-invasive health assessments.

The partnership will allow Canara HSBC Life Insurance to streamline its underwriting processes and accelerate onboarding through Fedo’s quick, 14-second facial scan. This AI-driven health scan empowers customers to perform essential health assessments at their convenience, eliminating the need for invasive tests or hospital visits. By providing a smooth and accessible experience, particularly for those in remote locations, this innovation aims to make healthcare insights available to a broader audience, thus supporting more informed and proactive health management.

Dr. Ashish Kapoor, Vice President and Chief Underwriter at Canara HSBC Life Insurance, expressed his excitement about this new venture: “Our collaboration with Fedo.ai marks a significant milestone in prioritizing our customers’ well-being. The integration of Fedo’s facial scan technology into our underwriting process allows us to simplify and speed up health assessments, enabling customers to make well-informed choices about their health and future. This partnership underscores our commitment to fostering a seamless, compassionate experience that truly focuses on long-term well-being.”

Prasanth Madavana, Co-founder and CEO of Fedo.ai, highlighted the advanced capabilities of AI in this partnership: “By utilizing AI, we’re enhancing the accuracy and efficiency of health assessments, supporting insurers in making faster, more precise decisions. This collaboration enables Canara HSBC Life Insurance to offer a more personalized, accessible service, setting a new standard of care.”

Fedo’s AI technology analyzes key health metrics, including heart rate, BMI, blood sugar, stress levels, and respiration rate through a brief facial scan, providing insights into six potential health risks and projecting healthcare costs over a five-year period. This technology, supported by a vast database of over 25,000 medical sources and a proprietary dataset of 1.5 million facial images, enables accurate, privacy-centric health assessments without compromising user data.

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With plans to expand its reach into healthcare, fitness, and mental health, Fedo is advancing a B2B2C distribution model to make its health infrastructure accessible across industries. This innovative approach provides actionable predictive insights for insurers, supports employee wellness programs, and enhances remote health monitoring for healthcare providers globally.

As Fedo continues to transform the health-tech space, this partnership with Canara HSBC Life Insurance represents a major step forward in bringing accessible, non-invasive health assessments to a diverse audience, ultimately supporting a future of personalized, proactive healthcare.

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