TECHNICAL FIELD
[0001] The present disclosure relates to insurance. More particularly, the present disclosure relates to a system and method for assisting in express reimbursement of travel insurance.

BACKGROUND
[0002] Background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.
[0003] “The world is a book, and those who do not travel read only a page.” – said Saint Augustine. People love travelling as they explore a new world of happiness which give them opportunity not to understand and learn new people and culture but also provide scope for self-exploration. Thus, our lifestyles have become increasingly reliant on travel. People have been travelling to like never before, whether for pleasure, business, or to pursue their dream education! This has resulted in an increase in both the number of travellers and the number of travel-related dangers, such as airline luggage loss, trip interruptions or medical emergency etc. As a result, it's critical to have strong travel insurance to deal with an unexpected scenario in a strange country. Added to it, all cherished memories and happiness starts converting in pain and trouble when travellers find the claim process complicated and tough after facing all emergencies during their travels. Lot of documentation work for many rounds of verification by the insurer enhances the dissatisfaction in customers which ultimately affect the clientele.
[0004] Following are the issues which come across for the travel insurance claim:
(a) Claims are delayed due to the extensive manual document verification process by the insurer or lack of supporting documents or authenticity of the information provided by the client.
(b) There is lack of responses from the insurer due to acknowledgement of the claim application by the client.
(c) Denial for full or partial refund without substantial reasons especially with health-oriented claims during travel.
(d) Lack of knowledge regarding how to file claims or inability to claim refund.
(e) Lack of knowledge regarding laws and government policies regarding claiming right.
[0005] There is, therefore, a need of a system to obviate above-mentioned problem, by providing express reimbursement of travel insurance when any mishap occurs during journey.

OBJECTS OF THE PRESENT DISCLOSURE
[0006] Some of the objects of the present disclosure, which at least one embodiment herein satisfies are as listed herein below.
[0007] It is an object of the present disclosure to provide a system to provide express reimbursement of travel insurance.
[0008] It is an object of the present disclosure to provide a system to process the claim without any document verification.
[0009] It is an object of the present disclosure to provide a system for travel insurance that provides an easy process to claim by reducing efforts of submitting documents and approaching insurance company again and again.
[0010] Other object, features, and advantages will become apparent from detail description and appended claims to those skilled in the art.

SUMMARY
[0011] Various aspects of the present disclosure relates to insurance. In particular, the present disclosure relates to a system and method for assisting in express reimbursement of travel insurance.
[0012] An aspect of the present disclosure pertains to an electronic card for express reimbursement of travel insurance, the electronic card may include a housing configured to be coupled with a mobile computing device, one or more sensors may be disposed in the housing to detect one or more health parameters of a subject, at least one geo tag may be disposed in the housing, wherein the at least one geo tag configured to detect location and movement of the subject, a control unit may be disposed in the housing, and the control unit may be operatively coupled with the one or more sensors and the at least one geo tag, wherein the control unit comprising one or more processors coupled with a memory, the memory storing instructions executable by the one or more processors configured to receive information including one or more health parameters, location and movement of the subject, transmit the received information to a server, and the server may be configured to store the information, and enables one or more entities of an insurance company to access the information from a remote location.
[0013] In an aspect, the control unit (110) may be further configured to generate a set of signals upon receiving a request for a claim application from the subject through the associated mobile computing device, and transmit the set of signals to one or more entities of insurance company, and upon receiving the set of signals the associated entity review all the information of the subject stored on the server, and correspondingly assist in providing at least one reimbursement to the subject in correspond to the received claim application.
[0014] In an aspect, the travel insurance may cover any or a combination of trip cancellation coverage, baggage loss coverage, passport loss coverage, medical coverage, accidental death, flight accident coverage.
[0015] In an aspect, the at least one reimbursement may include any or a combination of full refund, partial refund, and no refund.
[0016] In an aspect, when the subject may not satisfied with the provided at least one of reimbursement, a request for reassessing the claim application is submitted by the subject through the mobile computing device.
[0017] In an aspect, the server may store a plurality of documents of one or more subjects provided at the time of acquiring the insurance.
[0018] Another aspect of the present disclosure pertains to a system for express reimbursement of travel insurance, the system may include an electronic card configured to be coupled with a mobile computing device, one or more sensors may be configured to detect one or more health parameters of a subject, at least one geo tag may be configured to detect location and movement of the subject, a control unit may be operatively coupled with the one or more sensors and the at least one geo tag, and the control unit may comprising one or more processors coupled with a memory, the memory storing instructions executable by the one or more processors configured to receive information including one or more health parameters, location and movement of the subject, transmit the received information to a server, and the server may be configured to store the information, and enables one or more entities of insurance company to access the information from a remote location.
[0019] In an aspect, the electronic card may include any or a combination of a SD card, and a tag.
[0020] Another aspect of the present disclosure pertains to a method for receiving express reimbursement of travel insurance, the method may include step of storing by a server, information including one or more health parameters, location and movement of the subject, transmitting by a control unit of an electronic card, a request for a claim application from a subject to an insurance company, acquiring by the insurance company, information of the subject from the server, verifying by the insurance company, the acquired information from data mentioned in the claim application, providing by the insurance company, at least one of a reimbursement to the subject, and reassessing by the insurance company the claim application, upon receiving a request for reassessing the claim application.
[0021] Various objects, features, aspects and advantages of the inventive subject matter will become more apparent from the following detailed description of preferred embodiments, along with the accompanying drawing figures in which like numerals represent like components.

BRIEF DESCRIPTION OF DRAWINGS
[0022] The following is a detailed description of embodiments of the disclosure depicted in the accompanying drawings. The embodiments are in such detail as to clearly communicate the disclosure. However, the amount of detail offered is not intended to limit the anticipated variations of embodiments; on the contrary, the intention is to cover all modifications, equivalents, and alternatives falling within the spirit and scope of the present disclosure as defined by the appended claims.
[0023] In the following description, numerous specific details are set forth in order to provide a thorough understanding of embodiments of the present invention. It will be apparent to one skilled in the art that embodiments of the present invention may be practiced without some of these specific details.
[0024] FIG. 1 illustrates an exemplary block diagram of an electronic card for express reimbursement of travel insurance, in accordance with an embodiment of the present disclosure.
[0025] FIG. 2 illustrates an exemplary block diagram of a system for express reimbursement of travel insurance, in accordance with an embodiment of the present disclosure.
[0026] FIG. 3 illustrates an exemplary representation for issuing an electronic card by an insurance company, in accordance with an embodiment of the present disclosure.
[0027] FIG. 4 illustrates an exemplary representation for tracking a user by the electronic card, in accordance with an embodiment of the present disclosure.
[0028] FIG. 5 illustrates an exemplary representation for providing reimbursement of claim to a user, in accordance with an embodiment of the present disclosure.
[0029] FIG. 6 illustrates a method to disclose working of a proposed system, in accordance with an embodiment of the present disclosure.

DETAILED DESCRIPTION
[0030] In the following description, numerous specific details are set forth in order to provide a thorough understanding of embodiments of the present invention. It will be apparent to one skilled in the art that embodiments of the present invention may be practiced without some of these specific details.
[0031] If the specification states a component or feature “may”, “can”, “could”, or “might” be included or have a characteristic, that particular component or feature is not required to be included or have the characteristic.
[0032] As used herein the description and throughout the claims that follow, the meaning of “a,” “an,” and “the” includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of “in” includes “in” and “on” unless the context clearly dictates otherwise.
[0033] The following is a detailed description of embodiments of the disclosure depicted in the accompanying drawings. The embodiments are in such details as to clearly communicate the disclosure. However the amount of detail offered is not intended to limit the anticipated variations of embodiments; on the contrary, the intention is to cover all modifications, equivalents, and alternatives falling within the spirit and scope of the present disclosures as defined by the appended claims. Embodiments explained herein relate to insurance. In particular, the present disclosure relates to a system and method for assisting in express reimbursement of travel insurance.
[0034] FIG. 1 illustrates an exemplary block diagram of an electronic card for express reimbursement of travel insurance, in accordance with an embodiment of the present disclosure.
[0035] As illustrated in FIG. 1, an electronic card (100) for express reimbursement of travel insurance is disclosed, the electronic card (100) can be similar to for example a chip, a SD card, a tag and the likes. The electronic card (100) can include a housing (102) that can be coupled or inserted in a port provided in a mobile computing device (104). One or more sensors (106) (interchangeably referred as sensors (106), hereinafter) can be provided on the housing (102) to detect one or more health parameters of a subject (interchangeably referred as client, herein), at least one geo tag (108) disposed in the housing (102) to detect location and movement of the subject. A control unit (110) can be provided in the housing (102), and the control unit (110) can be operatively coupled with the sensors (106), at least one geo tag (108), and the mobile computing device (104).
[0036] In an exemplary embodiment, the chip can be immediately installed in smart phones of the client, and it can be supportive to all the types of smart phones which have accessibility of GPS, Geo tagging and health and fitness detector. The client can login the chip by provided a unique id which is generated immediately after issuing of travel insurance and at the starting of the travel. The information collected by the chip can be linked to cloud storage that can be accessed by both the client and the insurance company and can be used to for various process like verification of the authenticity of the issues for the insurance claims like baggage loss, missed flights, health issues and others.
[0037] In an embodiment, a server (112) (interchangeably referred as cloud storage, herein) can be provided remotely or locally, that can be configured to receive information from various electronic cards (100). The server can store a plurality of documents of one or more subjects provided at the time of acquiring the insurance. The server (112) can be communicatively coupled with the control unit (110) through a communication unit (not shown), and the communication unit can be inbuilt in the mobile computing device. In another embodiment, a communication unit can be provided within the electronic card (100) that can assist in internal and external transmission of information.
[0038] In an embodiment, the communication unit can be configured to establish communication in between the control unit (110) and the mobile computing device. In an embodiment, the communication unit can be configured to facilitate wireless Internet technology. Examples of such wireless Internet technology include GSM, Wireless LAN (WLAN), Wireless Fidelity (Wi-Fi), Wi-Fi Direct, Digital Living Network Alliance (DLNA), Wireless Broadband (WiBro), Worldwide Interoperability for Microwave Access (WiMAX), High Speed Downlink Packet Access (HSDPA), HSUPA (High Speed Uplink Packet Access), Long Term Evolution (LTE), LTE-A (Long Term Evolution-Advanced), and the like.
[0039] In addition, the communication unit can be configured to facilitate short-range communication. For example, short-range communication can be supported using at least one of Bluetooth, Radio Frequency Identification (RFID), Infrared Data Association (IrDA), Ultra-Wideband (UWB), ZigBee, Near Field Communication (NFC), Wireless-Fidelity (Wi-Fi), Wi-Fi Direct, Wireless USB (Wireless Universal Serial Bus), and the like.
[0040] In an embodiment, the travel insurance can cover any or a combination of trip cancellation coverage, baggage loss coverage, passport loss coverage, medical coverage, accidental death, flight accident coverage.
[0041] In an embodiment, the sensors (106) can be selected from a group consisting of heart rate sensor, BP detector, temperature sensor, and the likes, and these sensors (106) can be configured to detect various health issues, including but not limited to BP, Sugar, body temperature, and pulse rate.
[0042] In an embodiment, the control unit (110) can include one or more processor(s) that can be implemented as one or more microprocessors, microcomputers, microcontrollers, digital signal processors, central processing units, logic circuitries, and/or any devices that manipulate data based on operational instructions. Among other capabilities, the one or more processor(s) can be configured to fetch and execute computer readable instructions stored in a memory of the control unit (110). The memory can store one or more computer-readable instructions or routines, which may be fetched and executed to create or share the data units over a network service. The memory can include any non-transitory storage device including, for example, volatile memory such as RAM, or non-volatile memory such as EPROM, flash memory, and the likes.
[0043] In an embodiment, the control unit (110) can also include an interface(s) having a variety of interfaces, for example, interfaces for data input and output devices, referred to as I/O devices, storage devices, and the like. The interface(s) may also provide a communication pathway for one or more components of the electronic card (100).
[0044] In an embodiment, the control unit (110) can be configured to receive information including one or more health parameters, location and movement of the subject, transmit the received information to the server (112). The server (112) can be configured to store the information, and enables one or more entities (i.e. representatives) of insurance company to access the information from a remote location.
[0045] In an embodiment, the control unit (100) can be further configured to generate a set of signals, upon receiving a request for a claim application from the subject through the associated mobile computing device, and transmit the set of signals to representatives of insurance company. The representative upon receiving the set of signals the review all the information of the subject stored on the server (112), and correspondingly assist in providing at least one reimbursement to the subject in correspond to the received claim application. The at least one reimbursement can include any or a combination of full refund, partial refund, and no refund. In an exemplary embodiment, in case of any of the mishap which leads to claim, the client needs to just fill online form with the details with the phone. Client id can be mapped with the phone to track GPS. It can help in tracking the location of the client during the travel. The representatives can access the stored document and received information from the sensors (106), the GPS, and the geo tag (108), and authenticity of the claim can be checked. The representative can process the insurance claims without any document verification processes which conventionally takes lot of time and delay in the reimbursement.
[0046] This system would also increase the customer satisfaction since it would enable the claiming process easier and they really do not have to put any further effort to submit any documents and approach insurer company again and again.
[0047] In an embodiment, when the subject is not satisfied with the provided at least one of reimbursement, a request for reassessing the claim application can be submitted by the subject through the mobile computing device.
[0048] In an embodiment, the mobile computing device can include any or a combination of smart phone, portable digital hand held device, laptop, digital assistant, and the likes. In an exemplary embodiment, a user interface can be installed on a mobile computing device of the user. The mobile computing device can include applications (also referred as app, hereinafter), or web interface which may be downloadable from an app store and installable such as Andriod, iOS, Window Phone, BlackBerry etc. The app can include a user interface and protocols to communicate.
[0049] FIG. 2 illustrates an exemplary block diagram of a system for express reimbursement of travel insurance, in accordance with an embodiment of the present disclosure.
[0050] As illustrated in FIG. 2, a system 200 for express reimbursement of travel insurance is disclosed. The system 200 can include an electronic card (100) that can be coupled with a mobile computing device. The system 200 can include one or more sensors can be configured to detect one or more health parameters such as BP, temperature, and the likes of a subject, at least one geo tag (108) can be configured to detect location and movement of the subject. The system 200 can include a control unit (110) operatively coupled with the one or more sensors (106) and the at least one geo tag (108), and the control unit comprising one or more processors coupled with a memory, the memory storing instructions executable by the one or more processors configured to receive information including one or more health parameters, location and movement of the subject, transmit the received information to a server (112). The server can be configured to store the information, and enables one or more entities of insurance company to access the information from a remote location.
[0051] In an embodiment, the control unit (100) can be further configured to generate a set of signals, upon receiving a request for a claim application from the subject through the associated mobile computing device, and transmit the set of signals to representatives of insurance company. The representative upon receiving the set of signals the review all the information of the subject stored on the server (112), and correspondingly assist in providing at least one reimbursement to the subject in correspond to the received claim application. The at least one reimbursement can include any or a combination of full refund, partial refund, and no refund.
[0052] FIG. 3 illustrates an exemplary representation for issuing an electronic card by an insurance company, in accordance with an embodiment of the present disclosure.
[0053] In an embodiment, when a client visits insurance company to acquire travel insurance, firstly the representatives of the insurance company verify history of the client credibility from a cloud storage (112). When the information is verified, the travel insurance is accepted, and consequently a client id (i.e. a unique id) is generated for each client, that facilitates in accessing the individual client information from the cloud storage (112) by the insurance company. In addition an electronic tag is provided to the client, to be coupled with a mobile computing device of the user.
[0054] FIG. 4 illustrates an exemplary representation for tracking a user by the electronic card, in accordance with an embodiment of the present disclosure.
[0055] In an embodiment, when user (also referred as client, herein) purchases travel insurance, an electronic card (i.e. a chip) is provided to the client. When the client travel from one location to another (i.e. the location for which insurance is book) by a medium such as flight, and etc., the chip can be activated. To activate the chip, at start of a journey the user can enter unique id provided to the user at the time of purchasing the travel insurance. This chip would track GPS location data which would be stored in the cloud.
[0056] In an embodiment, client health tracking can be done through the chip. It can track the daily activity, fitness activities and sleep pattern during travel by sensors ((106)), that can help to get the information about client health such as BP, heart rate, pulse, calories burnt and body temperature. The information collected by the sensors ((106)) can be stored on a server (i.e. cloud storage). In case of any abnormality, insurance provider can check the stored information and cross verify it with the information provided in claim application, if claim is made related to health issues.
[0057] In an exemplary embodiment all the information collected by the electronic card (100) (i.e. installed chip), I.e. health parameters and location information, and journey information can be transmitted by the mobile (i.e. mobile computing device) to a cloud storage (112), and transmission of the information from the mobile to the cloud storage (112) can be performed using a communication unit provided in the mobile (i.e. GSM, Wi-Fi, Satellite, and etc.). In another exemplary embodiment, the electronic card (100) can include another communication unit (not shown) to assist in transmission of the data collected by the chip to the cloud storage (112).
[0058] In an embodiment, when the user travels, information including daily activity, food consumption, fitness activity, sleeping pattern, and etc. can be tracked by sensors (106) attached to smartchip (100) (i.e. electronic card (100)). The collected information can be transmitted by the smartchip (100) to the phone (i.e. mobile computing device) using Bluetooth provided in the smartchip (100). Various information of the user can be collected from the phone and can be provided to the smartchip. The information received by the phone can be transmitted to a cloud (i.e. server (112)) through Wi-Fi module of the phone. The cloud can be accessed by representatives of the insurance company to monitor received data or information such as heart rate, pulse rate, BP, weight, calories burned, body temperature and the likes.
[0059] FIG. 5 illustrates an exemplary representation for providing reimbursement of claim to a user, in accordance with an embodiment of the present disclosure.
[0060] As illustrated in FIG. 5, a server (112) (interchangeably referred as cloud storage, herein) can store information of a subject (i.e. user), the information can be received from GPS available in the smart phone of the user, or the GPS can be individually provided in an electronic card (102). Location and movement of the user can also be stored on the cloud storage (112). In addition, health tracking can be done by the sensors (106), health parameters of the user can be collected from sensors (106) and can be stored on the cloud storage.
[0061] In an embodiment, when the user file a claim application form the associated smart phone through the installed mobile app for reimbursement, authentication of claim application can be checked by cross verifying the information stored on the cloud storage and written in the claim application. Upon verification, the insurance company can provide reimbursement to the user. The reimbursement can be full refund, partial refund, or can be cancelled, when data of the claim application is not similar to information stored in the server, and the reimbursement fund can be transferred to the user. For example, the user lost his baggage at an airport at Delhi, the user can claim for reimbursement, representative of the insurance company can check the information, that the user was present on Delhi airport can be cross verified, when the information is found correct, refund can be provided to the user.
[0062] In an embodiment, when the user is not satisfied with the received reimbursement, the user can apply for rechecking and re-considering the application. For example, the flight cancelled, and the user applied for refund, but received only 25% of ticket amount, but in contract it was clearly mentioned that the user will receive 50% refund. In this case, the user can apply for rechecking the application, the representative of the insurance company can review the information i.e. document signed at the time of acquiring insurance, and can provide refund accordingly, thus saves the time of the user and the representative as well. This process can be completed in a day, thus reduces the time, as it generally takes 15 days to a month or more by the representative of the insurance company usually.
[0063] FIG. 6 illustrates a method to disclose working of a proposed system, in accordance with an embodiment of the present disclosure.
[0064] According to an embodiment of the present disclosure, a method (600) for receiving express reimbursement of travel insurance is disclosed. At step (602) the method (600) can include storing information including one or more health parameters, location and movement of the subject by a server.
[0065] At step (604), the method (600) can include transmitting a request for a claim application from a subject to an insurance company, by a control unit of an electronic card.
[0066] At step (606), the method (600) can include acquiring information such as one or more health parameters, location and movement of the subject of the subject from the server, by the insurance company.
[0067] At step (608), the method (600) can include verifying the acquired information from data mentioned in the claim application, by the insurance company.
[0068] At step (610), the method (600) can include providing at least one of a reimbursement to the subject by the insurance company.
[0069] At step (612), the method (600) can include reassessing by the insurance company the claim application, upon receiving a request for reassessing the claim application.
[0070] As used herein, and unless the context dictates otherwise, the term “coupled”; is intended to include both direct coupling (in which two elements that are coupled to each other contact each other) and indirect coupling (in which at least one additional element is located between the two elements). Therefore, the terms “coupled to” and “coupled with” are used synonymously. Within the context of this document terms “coupled to” and “coupled with” are also used euphemistically to mean “communicatively coupled with” over a network, where two or more devices are able to exchange data with each other over the network, possibly via one or more intermediary.
[0071] While the foregoing describes various embodiments of the invention, other and further embodiments of the invention may be devised without departing from the basic scope thereof. The scope of the invention is determined by the claims that follow. The invention is not limited to the described embodiments, versions or examples, which are included to enable a person having ordinary skill in the art to make and use the invention when combined with information and knowledge available to the person having ordinary skill in the art.

ADVANTAGES OF THE INVENTION
[0072] The proposed invention provides a system to provide express reimbursement of travel insurance.
[0073] The proposed invention provides a system to process the claim without any document verification.
[0074] The proposed invention provides a system for travel insurance that provides an easy process to claim by reducing efforts of submitting documents and approaching insurance company again and again.

Claims:

1. An electronic card (100) for express reimbursement of travel insurance, the electronic card comprising:
a housing (102) configured to be coupled with a mobile computing device (104);
one or more sensors (106) disposed in the housing to detect one or more health parameters of a subject;
at least one geo tag (108) disposed in the housing, wherein the at least one geo tag configured to detect location and movement of the subject;
a control unit (110) disposed in the housing, and the control unit operatively coupled with the one or more sensors and the at least one geo tag, wherein the control unit comprising one or more processors coupled with a memory, the memory storing instructions executable by the one or more processors configured to:
receive information including one or more health parameters, location and movement of the subject;
transmit the received information to a server (112), wherein the server is configured to store the information, and enables one or more entities of an insurance company to access the information from a remote location;
generate a set of signals upon receiving a request for a claim application from the subject through the associated mobile computing device, and transmit the set of signals to one or more entities of insurance company, wherein upon receiving the set of signals the associated entity review all the information of the subject stored on the server, and correspondingly assist in providing at least one reimbursement to the subject in correspond to the received claim application.
2. The electronic card as claimed in claim 1, wherein the travel insurance covers any or a combination of trip cancellation coverage, baggage loss coverage, passport loss coverage, medical coverage, accidental death, flight accident coverage.
3. The electronic card as claimed in claim 1, wherein the at least one reimbursement comprises any or a combination of full refund, partial refund, and no refund.
4. The electronic card as claimed in claim 1, wherein when the subject is not satisfied with the provided at least one of reimbursement, a request for reassessing the claim application is submitted by the subject through the mobile computing device.
5. The electronic card as claimed in claim 1, wherein the server stores a plurality of documents of one or more subjects provided at the time of acquiring the insurance.
6. A system 200 for express reimbursement of travel insurance, the system comprising:
an electronic card (100) configured to be coupled with a mobile computing device (104);
one or more sensors (106) configured to detect one or more health parameters of a subject;
at least one geo tag (108) configured to detect location and movement of the subject;
a control unit (110) operatively coupled with the one or more sensors and the at least one geo tag, wherein the control unit comprising one or more processors coupled with a memory, the memory storing instructions executable by the one or more processors configured to:
receive information including one or more health parameters, location and movement of the subject;
transmit the received information to a server, wherein the server is configured to store the information, and enables one or more entities of insurance company to access the information from a remote location; and
generate a set of signals upon receiving a request for a claim application from the subject through the associated mobile computing device, and transmit the set of signals to one or more entities of insurance company, wherein upon receiving the set of signals the associated entity review all the information of the subject stored on the server, and correspondingly assist in providing at least one reimbursement to the subject in correspond to the received claim application.
7. The system as claimed in claim 6, wherein the electronic card comprises any or a combination of a SD card, and a tag.
8. A method for receiving express reimbursement of travel insurance, the method comprising:
storing, by a server, information including one or more health parameters, location and movement of the subject;
transmitting, by a control unit of an electronic card, a request for a claim application from a subject to an insurance company;
acquiring, by the insurance company, information of the subject from the server;
verifying, by the insurance company, the acquired information from data mentioned in the claim application;
providing, by the insurance company, at least one of a reimbursement to the subject; and
reassessing, by the insurance company the claim application, upon receiving a request for reassessing the claim application.