iCareU is an innovative usage-based insurance product developed by DeepBiz Technologies for the Indian motor insurance sector. It analyzes driving patterns using GPS, OBD II, and mobile devices to determine premium discounts of up to 30% for customers and reduce claims by up to 60% for insurers. iCareU aims to incentivize safe driving behaviors and make insurance more engagement-driven through real-time tracking and rewards for add-on services. The founders believe this approach can help lower costs for both customers and insurers while increasing loyalty, similar to how mobile phone and life insurance markets evolved in India with increased usage and customization.

1. Usage Based Insurance
True Value Insurance
Dr. Chandra Shekar KV,
DeepBiz Technologies
iCareU.in

2. About iCareU
• Founders from IIM Calcutta and IIT Calicut with 20+ years of Experience
• An Innovative Product from DeepBiz for Motor Insurance Sector
• iCareU means “Insurance Cares customer”
• Usage Based Insurance Application for Indian Motor Insurance Companies
• Cloud Based Ecosystem Platform for GPS, OBD II and Mobile devices
• Android Mobile Application – current release, along with Web.
Details: www.icareu.in info@icareu.in
Customers: www.icareu.center

3. Our Values
“Provide incentives for behavior that prevents losses, thereby generating value for insurers and
consumer throughout the policy year to make insurance more of a proactive, prevention-driven
engagement, rather than a reactive, price-driven commodity, that create value for both insurers and
consumer while engendering greater loyalty come renewal time.”
Insurer:
• Analyze Driving pattern
• Identify Safety Drivers
• Define premium
Discounts
• Reduce Claims up to 60%
Consumer:
• Get Premium Discounts
up-to 30%
• Get Reward on Add-On
Services up to 80%
• 90% Theft recovery
• 100% Live Tracking
Social Impact:
• Reduce Carbon Emission
• Reduce Fuel consumption
• Increase Indian Economy
• Increase Road Safety
• Develop Go Green

4. iCareU – Features and Benefits

5. What is Usage Based Insurance?
• Special Type Motor Insurance type to Insurer
• Define the premium discount policy based on Usage
• Analyze Driving pattern such as driving distance,
hard breaking, over speeding, time of day,
fast acceleration and hard cornering etc.
• Identify the RISK factors
• Frame Discounts Policy
• Offer Premium discounts and Award Bonus Points
to add-on services such as, Fuel Discount, Repair
discount, hotel discount, Ecall/Bcall, Toll, etc.
Plug
Save
Play

6. Why iCareU
• Massively networked: with ubiquitous connectivity throughout the system
• Dynamically priced, so as to balance supply and demand
• User centered, taking into account users’ needs, priorities, data flows,
and dynamic responses to conditions
• Integrated, so that users can move easily from point A to point B,
regardless of mode, service provider, or time of day
• Reliant on new models of private-public collaboration, which take advantage of
the increasingly diverse ecosystem of public, private, and nonprofit entities
that are working to meet the less expenses.

7. Top Benefit

8. Features

9. Features
• Vehicle engine inspection reports
• Error code check and clear away
• Engine dynamic data display
• Vehicle traveling reports
• Fuel consumption statistics and analysis
• Mileage statistics and analysis
• Abnormal driving alarm and records
• SMS point to point alarm
• Driving behavior analysis and estimation
• Real time GPS positioning
• Trace playback

10. Why iCareU in India?

11. Motor Insurance in India
“The Motor business continued to be the largest
non-life insurance segment with 47.05%”

12. Private car Policies 2013 – in India

13. Future of iCareU in India

14. Analogy – Mobile Phone rate and Call Tariff
• Increased
Subscriber
• Decreased
Call Rates
• Increased
Add-On
Services

15. Analogy – Life Insurance ( Co-Pay )
• Increased
Insurance
Density
• Increased
Insurance
Penetration

16. Contact us
Thank you.
Phone: +91(901)901-1841 / +91(988)619-7840
Email: info@icareu.in or info@deepbiz.net
URL : www.icareu.in | www.deepbiz.net