🔒Problems

ELIXIR addresses several significant challenges in the traditional insurance industry, specifically within the buying process, claiming process, and lack of user knowledge.

#Buying Process

Choosing the right insurance policy can feel overwhelming. With numerous insurance companies offering various policies, users often face complex options that make it difficult to decide which one matches their specific needs. This complexity can leave potential buyers feeling uncertain and hesitant, resulting in missed opportunities to get proper coverage.

#Claiming Process

Even after purchasing insurance, the claiming process remains a significant challenge. It is often complicated and time-consuming, requiring users to navigate multiple steps before receiving compensation and coverage. This inefficiency not only causes stress but also delays support when it is needed most.

#Knowladg

Some people or customers didn't really understand the benefits they can get from insurance. That could be a reason that they didn't get themselves insurance. It's also about how people didn't really know how to prevent risk and take care of themselves better.