**Comprehensive Optical Services**
**Introduction**
Insurance companies strive to offer a broad range of benefits to their customers, yet optical services and LASIK procedures remain underrepresented, typically covered as an additional contract. This limited coverage has been a persistent obstacle in the insurance industry for years, with little change.
**Challenges and Innovative Solutions**
**Lack of Coverage for Optical Services and LASIK:**
Most group and individual insurance policies do not include coverage for optical services or LASIK operations.
**Solution:** I Project Investment has introduced a new generation of optical insurance programs with varying coverage limits designed to meet the diverse needs of customers. Importantly, insurance companies are not exposed to any additional risks, as the coverage includes examinations, diagnoses, all types of lenses, and a variety of frames.
**Limited and Insufficient Optical Benefits:**
Current optical insurance riders provide limited coverage, often leaving customers to cover a substantial portion of their costs. As a result, demand for optical coverage in insurance contracts remains low.
**Solution:** I Project Investment has developed a range of programs with varying limits to meet customer needs. These programs provide comprehensive coverage, including examinations, diagnostics, lenses, and frames of all kinds, without increasing the risk for insurance companies. This approach boosts sales volume, enhances customer benefits, and reduces financial risk.
**Fraud and Misuse of Optical Benefits:**
In many cases, customers, with the assistance of optical centers, maximize the use of their insurance benefits by manipulating diagnoses to receive non-covered services. This practice increases the risk and loss ratio for insurers and healthcare providers.
**Solution:** I Project Investment has designed optical packages that align with the policies of insurance companies and healthcare providers, ensuring full coverage of basic and aesthetic optical services, including LASIK. As a result, fraud has been significantly minimized, removing the incentive to misrepresent diagnoses since all services are now covered.
**Low Demand for Optical Coverage Among Corporate and Individual Clients:**
Approximately 90% of corporate clients and individuals do not opt for optical coverage due to the perceived lack of value in the current offerings.
**Solution:** I Project Investment has enhanced optometry programs to ensure that clients, insurance companies, and healthcare providers benefit. These upgraded packages guarantee access to all necessary optical and LASIK services while maintaining the highest standards of care and service quality.
- **High Cost of Optical Services in the UAE:**
Optical services, including LASIK and other treatments, are expensive in the UAE, especially in Dubai and Abu Dhabi.
**Solution:** I Project's optical insurance packages offer competitive pricing that aligns with the tariffs established by insurance companies. The packages also provide access to a carefully selected network of clinics and medical centers renowned for their expertise and quality of care.
- **Standalone Optical Insurance Programs Not Available:**
Currently, there are no standalone optical insurance programs on the market. They are typically offered only as an add-on to enhanced health insurance packages.
**Solution:** I Project Investment has introduced standalone optical insurance packages, with coverage starting from 2,500 AED to 4,500 AED per person. These packages can be purchased individually or alongside health insurance plans, making optical insurance a primary contract rather than just an optional rider.
I Project Investment's innovative optical insurance solutions are transforming the market by offering comprehensive, affordable, and accessible coverage that benefits clients, insurers, and healthcare providers alike.