FidentiaX - Xchange With Confidence - Worlds First Marketplace To Trade Insurance Policies

The term insurance is a written agreement which illustrates a policy where a person or an organization acquires reimbursement or financial security for loss from an insurance company. The insurance companies pay for the losses if any, a person or an organization has lost during the term period of the written agreement.

Insurance policies are used as a safeguard against the damage of the property whether it is big or small, life insurance, health insurance, vehicle insurance, casualty insurance, and a lot more. Insurance policies can be resold instead of surrendering them to the company. A lot of people don't know that a cash policy can be sold in the market for higher value, i.e a person with a cash policy can sell his policy to a third party instead of leaving it to the company.

This is where FidentiaX comes in, FidentiaX is clearly stating that we can sell our policies to the third party and explain them the advantages of trading our policies. FidentiaX is a blockchain based on the financial powered marketplace which will provide a trustless, immutable, auditable and transparent ecosystem to revamp the status quo.

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FidentiaX : - Xchange With Confidence

FidentiaX is a first marketplace where we can trade our insurance policies. The main objective of FidentiaX is to create a marketplace for the people to trade insurance policies and a repository of the policies for the masses by leverage blockchain technology.

A mission for proliferating the implementation of the blockchain technology insurance industry has been initiated by FidentiaX, (FOSF) FidentiaX Open Source Foundation is the initiative to execute blockchain technology.

Drawbacks Of The Existing Policies : -

Challenges faced by the policyholders in the financial condition where the prevailing is of no use to the policyholder as it no longer meets their requirements.

There are two conditions for the problems being faced by existing policies they are : -

1)The value of the existing policy is decided by the insurance company where the policyholder losses his protection. The medical condition and the age of the person is also a disadvantage where the policyholder cannot invest in another policy.

2)At an interest rate of 5% to 7% per annum we cannot secure a fully collateralized loan with 90% to 95% quantum on the existing policy from the insurer.

Buyers :-

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Insurance has become an investment portfolio for the people and for the corporate organizations as they think as an insurance is an investment.

It is difficult to get an insurance policy as the mortality charge is high for an elder person as it is dependent on the age.

Advantages of open market policies : -

1)Inherent Capital Preservation Feature

2)Fixed Investment tenure

3)Mortality Upside

4)Eliminating "Setup" Cost Of Insurance

5)Liquidity

6)Smoothing Of Returns

FidentiaX Roadmap : -

FidentiaX Solution : -

FidentiaX is the worlds first marketplace where we can trade insurance policies and FidentiaX is a membership-based ecosystem with the center of attention on key stakeholders.

Policy Holders : -

The existing policyholders can pay their policies with the with FidentiaX tokens, this is a substitute for liquidity. Paying with tokens is a well organized platform where the transactions are reliable, transparent and secure.

Buyers : -

FidentiaX has come up with a unique idea to develop a trustless marketplace for the people who explore to buy tradable policies as an investment portfolio dependent on the leverage blockchain technology where the main aspect is to secure transactional environment.

FidentiaX platform features are designed and developed in such a way that the stakeholders require a guiding principle.

Depending on the membership category FidentiaX members platform will provide the following features : -

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1)Policy Ledger

2)Listing Policy For Tokenization

3)Members Auction

4)Buying Tradable Policies

5)Custodian Services

FidentiaX Team : -

For More Information Please Visit : -

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Thanks And Regards,
@yuvadeep