5 min read.Updated: 02 Aug 2016, 12:39 PM ISTKapil Mehta
The product options that are rated, have increased from 162 in 2013 to 423 this year
The Mint SecureNow Mediclaim Ratings (MSMR) take an enormous effort to be put together. Over 10,000 information bits on health insurance are collated from public sources like websites. These are validated by insurers. A model to convert the information into ratings is developed and, eventually, the results dispatched for publication. During this month-long process, Mint, SecureNow and the insurers exchange dozens of emails and phone calls, pore over policy wordings and clarify product aspects. There is considerable back and forth between the insurers and us, to make sure that the information is correct. If it takes us so much effort to get the facts right, then individual buyers must really have to struggle too. During this process I feel as if I’m back in business school but the responsibility of getting it right takes the fun away.