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US 2006/0190305 A1Published application
Method and system for providing insurance
AssigneeTaburit - The Central Cord Blood Registry Ltd.
InventorAmnon Pelz
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AssigneeTaburit - The Central Cord Blood Registry Ltd.
InventorAmnon Pelz
Estimating the term…
A system and method for providing insurance to an individual who has deposited a body tissue or organ in a depository of such organs or tissues, for example, umbilical cord-blood or blood from another source, foreskin or other skin, lymph, fetal stem cells, adult stem cells, lymph or sperm, involves establishing an insurance policy for an individual who deposited a body tissue or organ in the depository or for a beneficiary of the depositor. The deposit of the tissue or organ for future use by the individual or beneficiary is a central component of the insurance policy. The insurance policy, in exchange for payment of a periodic premium, indemnifies the policy holder or his beneficiary for at least some of the expenses associated with a medical or cosmetic treatment that requires body material of the type previously deposited by the depositor in the depository.
A method for providing insurance comprising:
A system for providing insurance comprising a processor having a database of entries, the processor configured to input data indicative of an insurance policy provided by an insurance provider to a depositor of body material in a depository of body material, and to store the data in an entry of the database, the insurance policy stipulating that the depositor or a beneficiary of the depositor is indemnified for expenses incurred for a medical or cosmetic treatment utilizing the deposited body material or substitute body material of the type deposited by the depositor.
A computer implemented method for calculating a premium of an insurance policy stipulating that the depositor or a beneficiary of the depositor is indemnified for expenses incurred for a medical or cosmetic treatment requiring body material of a type deposited by the depositor in a depository of such body material, wherein the medical treatment utilizes either the deposited body material or substitute body material of the type deposited by the depositor, the method comprising calculating a probability that the depositor will require a medical or cosmetic treatment requiring body material of a type deposited by the depositor at any time when the policy is valid.
Dependencies are inferred from the claim text.