Lesson 301 · 4 min
Compare insurance plans with AI
AI can turn thick insurance papers into a plain side-by-side table, as long as you give it the real policy text and check the result with a licensed adviser.
Insurance brochures show the good parts in big letters. The parts that decide whether you get paid sit in the policy terms: exclusions, waiting periods, how claims work, and how the premium changes as you get older.
If you ask a chatbot "Which health plan is best?" it will guess from general knowledge and may invent details. Paste or photograph the actual terms of each plan instead, and ask it to answer only from that text. Tying the answer to your documents is called grounding, and it cuts down on made-up claims.
Ask for a table: what is covered, what is excluded, waiting periods, yearly premium now and in ten years, and what happens if you stop paying. Then ask it to quote the clause behind each cell so you can find it yourself.
Two habits protect you. Most life policies give you a free-look period after signing when you can cancel and get money back, so check its length in your contract. And if a bank officer says you must buy insurance to get a loan, ask for that in writing and check with the bank's official hotline, because voluntary insurance should be your choice. Before you sign anything big, talk it through with a licensed adviser who is not paid to sell you one plan.
Do it now
Build a fair comparison table
- 1. Get the full policy terms for two plans you are considering, not just the brochure.
- 2. Remove your name, ID number and phone number from any pages you share.
- 3. Paste the terms with the prompt below and read the table it makes.
- 4. Look up each clause it quotes, and bring the questions it lists to a licensed adviser.
Below are the terms of two insurance plans. Using only this text, make a table comparing: what is covered, what is excluded, waiting periods, yearly premium now and later, the free-look period, and what happens if I stop paying. Quote the clause for each cell. If the text does not say, write "not stated". Then list five questions I should ask a licensed adviser. Plan A: [paste] Plan B: [paste]
Quick check
Keep going
Next →Build an emergency fund with AIWords from this lesson
- Hallucination
- When an AI states something false with confidence, such as a made-up fact, quote or source.
- Grounding
- Tying an AI's answer to real sources you supply or it looks up, so claims can be checked instead of invented.