Insurance firms' trial products promise accurate price covers for policies

The pricing of health or motor insurance policies you buy currently is based on rather crude measures. A car owner, for instance, pays a premium based on the type of car he owns and its age. A health insurance customer pays a premium based on his age bracket. Thanks to technology, it is now possible to price covers based on an individual’s own behaviour or his health condition.  
 
The Insurance Regulatory and Development Authority (IRDAI) recently gave the green light to 33 products and services under its regulatory sandbox framework. Companies will run these products for six months on