Heluss disrupts the insurance industry by transforming how the policy works. By utilizing the blockchain technologies, smart contract and AI in claims management, Heluss is taking insurance back to its roots — Serving the community.

The insurance is a trillion-dollar industry; in 2016, the gross premiums generated by the insurance industry worldwide was USD $5.02 trillion.

The Problems

The insurance industry has evolved from the mutual and cooperative intentions to the commercial, maximum profit enterprise we know today. One of the most striking features of this are the ever-increasing insurance premiums and nebulous supply chain full of middlemen and outdated claims management processes. The following is a summary of key problems Heluss has identified and is working to solve:

Bloated sales structure filled with middlemen;

Inefficiencies in claims processing;

Lack of transparency and security;

Absence of appeal to Gen Y purchasers;

Lost its sense of mutual cooperation.

The Solutions

Heluss is bringing the insurance business model back into the hands of the community. Thus, we are truly a insurance company rooted in serving the community. This is done by instantly returning 40% of the premium to policyholders in HUT token, then channeling those funds in a Vault (H-Vault) to purchase assets backing HUT token. Heluss is creating a continuous and stable environment to support the HUT token value in the market place.

HUT token will work as a Utility Token; the token will serve four primary functions:

Hold : as the token is backed by hard assets such as gold, it will be attractive to holding;

: as the token is backed by hard assets such as gold, it will be attractive to holding; Exchange : the token will be listed on exchange to facilitate the value transfer;

: the token will be listed on exchange to facilitate the value transfer; Keep in wallet : the token will be used to purchase insurance products (as one of the acceptable form of payment on Heluss ecosystem)

: the token will be used to purchase insurance products (as one of the acceptable form of payment on Heluss ecosystem) Policy Purchase: the token will be used to purchase insurances

Below is a summary of the proposed solutions:

Tokenized and gamified platform which creates maximum user engagement;

Introduce a vault to support the HUT token market value;

Maximum benefits to community by channeling any savings on claims/re-insurance back to HUT token holders (40% of the premium);

Blockchain and smart contract which provide security, transparency and permissionless value exchange;

Artificial Intelligence implemented to streamline claims processing.

The Products

Heluss is starting with the Travel Insurance (the travel insurance premium amounts to $ 18.1 billion and growing at the rate of 20% annually). Heluss will then introduce home, auto and loan insurances as the roadmap progresses.

The Ecosystem

Heluss is building its decentralized application on Achain. Achain is a public blockchain platform that enables developers of all levels to issue tokens and create smart contracts, decentralized applications and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions.

We have begun our Private Sale and we will have more details on our airdrops and other facets of the project here soon!

For more information, visit www.heluss.com or send us e-mail on: info@heluss.com.

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