xChange with Confidence
As we know that life insurance industry generates billions of $ in premiums every year. Do you know in 2016 alone, the total market size for premiums in the 40 reporting countries was more than USD 3.86 trillion $. As an oligopoly, insurers have traditionally been able to benefit from the opacity and byzantine operating standards of the sector. For example, the inability of the insured to monetize their policies.
Most insured person don't know that policies with cash value can be traded in the market for the higher cash value, that is, an individual can sell their policies to a 3rd party instead of surrendering the premium policy to insurance company.
There are so many benefits in buying an insurance policy on the open market. Eg. stable returns, fixed tenure, liquidity and low correlation with other asset classes. Very few policy holders knows they can extract huge value from their policy, if they find best investors/buyers for their investment portfolio purchase.
Basic Definition of Insurance.
"Insurance was the mean of transferring or distributing risk from the insured to the insurer."
History of Insurance :-
Earlier in history in the 3rd Century BC. Chinese merchants ‘transferred’ or ‘distributed’ their cargo before embarking on a dangerous voyage so as to lower their risk.
Babylonian traders took insurance further by hedging their risk with an additional payment to lenders to write-off their loan if the shipment was stolen or lost at sea.
The first life insurance policy was written in the early 18th Century and has since morphed from a single application into numerous iterations with many product innovations.
There were insurance policies addressing every need of an individual through their life stages.
For example: - 1st . Endowment
2nd Whole Life.
3rd Investment-Linked.
4th Term.
5th Universal Life.
6th Key-man with various riders such as critical illness.
7th Terminal illness etc.
As a Mature person's every one must have Life Insurance Policy. But problem comes when people grow old. In this case these people might not want to continue their insurance policy anymore & in this case, selling & surrendering their policies is the only option.
We all are aware with the significance of Insurance. It can't control any mishapping. But insurance can help in case any misshaping in near future by transferring or distributing risk. These days, almost every person have his own insurance policies whether life insurance of general insurance. But maximum times, these insurance policies lacks in providing benefits, over a period of time. Question comes now, how insured person can get benefits from the policies?
Well, people are not aware about this fact that Insurance policies are transferable before their maturity and one can trade insurance policies at will. Generally, people believes that once they have taken a policy, then they have to keep it until maturity.
This is not the case in reality. Instead, with a good platform, an individual can transfer his policy over to the others without any hassle and even without any third party. To make it easier, a platform have come into existence which allows it's users to trade policies in real-time basis using Blockchain technolgoy.
This platform name is FidentiaX.
FidentiaX will empower policyholders to monetize their policies. This is also a fantastic opportunity for us to demonstrate the numerous advantages of building a portfolio of tradable policies with stable returns and developing a trustless platform for trading of these policies.
Xchange with confidence.
Now FidentiaX is here everyone can buy or sell Insurance polices instantly by leveraging the Blockchain technology. FidentiaX offers the blockchain based Marketplace to policies holders. It allows people to buy and sell Insurance polices without the guidance of any middle party and at very cost-effective price.
FidentiaX Crypto-Currecncy
Let us know about Crypto-Currency 1st :--
Crypto-Currency are most popular form of digital currency. Crypto Currency is also known as Future alternative currency, virtual currencies or Decentralized Currency. These crypto-currencies are having value in real just like other physical assets like Gold, Silver, $ or INR etc. Bitcoin was the 1st Crypto Currency and its current value is more than $6k now as shown in below figure:-
It is a digital asset which we can use as investment, for transferring money or either to purchasing anything from any part of world. Cryptocurrency uses encryption algorithms which encrypt the block chain by public and private keys to make its transaction secure & also to control the creation of additional units of the crypto-currency.
Some more advantages that we have we have with Block-chain technology are mentioned below :-
1 .
2 .
3 .
"FidentiaX " World’s First Blockchain Based Marketplace For Trading Insurance Policies: -
Hi Friends, do you know now you can sell your insurance policies to a 3rd party which is going to give you great cash amount, instead of surrendering it to your insurer at a low value. I've seen this situation in the life insurance world so many times. Few person may have some more plan other than insurance plan and they find out they don't need a life insurance policy. For condition like this , some people like to buy their insurance policy for more than what the insurance company would pay for surrendering the policy, so the insured person will be at loss as, the insured person is not going to get the expected final settlement.
What is FidentiaX
fidentiaX Open Source Foundation (FOSF) which is First Blockchain Based Marketplace For Trading Insurance Policies. FidentiaX is Block-chain powered technology. There is an exploding increase in no.d of buyers, these buyers are actively searching for tradable policies from the market. This provides so many benefits for these buyers. Here is a short introductory video, about the FidentiaX Blockchain technology.
From this video you will be able understand the project requirements and you will be able to realize the hidden potential that FidentiaX crypto currency is having. You will find out that your insurance is a tradable asset which normally is surrendered to an insurance company that you choose, but instead you could do someting much more profitable with it than this.
How FidentiaX Works.
FidentiaX tokens can be used by participants for participation. User can purchase various insurance policies with an attractive discount FdX tokens .
Membership charges of the fdx platform can be used for purchasing the fdx tokens.
Future planing and Roadmap of FidentiaX:-
Here is the roadmap and FidentiaX future offers that FidentiaX Team is going to offer to different trading Insurance policies holders.
Provided solution by FidentiaX:-
• Marketplace for trading of Insurance Policies.
• Dosnt require any middle party for trading the Insurance Policies.
• Easy Policy Transfer Process along with high cost.
• Fully transparent Marketplace.
@Published on Published onOctober 21, 2017
TODAYS NEWS AND HIGHLIGHTS :- Latest update from Roberto Capodieci lets see about his latest post on Roberto Capodieci - A blockchain project I’ve chosen to work with
We are getting some major movements within FidentiaX. White-listing is going to live by this weekend. FidentiaX Team is going to start Bounty tonight on bitcointalk.org.
FidentiaX Team is going to join Singapore Fintech Association (https://singaporefintech.org/) on 6th Nov.
They are going to live on Access (https://www.access-sg.org/) next week.
Partner of @FidentiaX Project :-
FidentiaX Team is getting great support from Blockchain,PWS GROUP,SEGURO,BITCOIN PR BUZZ etc. And I am pretty positive about FidentiaX Crypto is going to full fill our expectations.
Initial Coin Offering (ICO) :-
ICO is going to live for Public on 6th November 2017. If you like to buy FDX tokens before November, 6th, in this case user have to signup 1st on the official FDX website. FidentiaX is going to conduct a Private-Contribution before the Public-Contribution, specially for company affiliates, strategic partners & for few angel investors on October 20th.
CROWD TOKEN CONTRIBUTION
FidentiaX will be issuing 100,000,000 fdX tokens for Crowd Token Contribution (CTC) with bonus program for early contributors as showed below :-
ICO crowd sale will run for 30 days.
The Total Coin Supply : 100 Million
Required Soft Capital : $1 Million
These are the fdX coin price during the different phase of Crowd sale and their discount rate as well.
Terms & Conditions :- In case of not raising required Soft Capital, all the investors will be refunded in full.
Thanks for reading ..!!
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