One of the advantages of this project compared to similar plans is to insure the members. In this plan, people can use life insurance and health insurance services without having to pay any amount and just by staking a certain number in the insurance support fund. As might be expected, these services have various levels and coverages, and people can take advantage of the benefits of one of these levels according to the amount of investment.
1-life Insurance 2- Health Insurance
Insurance support fund: This fund is formed for the purpose of maintenance and also the necessary support regarding the risk of insurance coverage.
Sources of insurance support fund:
1- In each mining, an additional amount of 10% of the total mined token is mined for this fund and transferred to this wallet.
2- The resources of this fund will be equipped from the place of depositing (staking) tokens according to the future algorithm. These tokens are stored in the wallet of the Stake Insurance Support Fund.
3- If necessary, halve the token
4- If necessary, use the resources of the DAO mutual fund
5- From the place of profit due to the deposit of money in the guarantor/sponsor fund
6- In emergency cases using the guarantor/sponsor fund
* Regarding the use in items 4, 5, and 6, this withdrawal is in the form of a loan and must be returned to the desired fund.
 

Description of obtaining insurance service points: 

1-If they stake 5000 tokens in the insurance support fund account, the term of this deposit is one year, and during one year they benefit from the advantages of insurance coverage as described in column 1 of the below table, which includes life insurance investment and only insurance coverage for specialized surgeries.
2- If they deposit 10,000 tokens in the insurance support fund account, the term of this deposit will be one year, which will include life and health insurance coverage as described in column 2 of the below table with the following conditions.
3- If they deposit 20,000 tokens in the insurance support fund account, the life insurance investment and health insurance coverage will be as described in column 3 of the table. Obviously, the deposit period is one year.
4-If he deposits 30,000 tokens in the insurance support fund account, the life insurance investment and health insurance coverage will be as described in column 4 of the below table and the deposit period remain one year.
5- People who have “Medal of Humanitarian” tokens will automatically be covered by the life insurance in column 2 of the below table.
6- People who have the “Knight of Humanitarian” token will automatically have the life insurance included in column 3 of the below table.
Explanation: only people who have obtained this token through mining in participation are covered and this coverage will be canceled as soon as it is transferred.
7- Holders of the “Humanity Medal” Token for stake it in order to receive insurance services will do as follows:

7-1- Depositing 250 “Medal of Humanitarian” tokens according to the column 1
7-2- Depositing 500 “Medal of Humanitarian” tokens according to the column 2
7-3- Depositing 800 “Medal of Humanitarian” tokens according to the column 3
4-7- Depositing 1200 “Medal of Humanitarian” tokens according to the column 4

 8- Regarding the people who have the “Knight of Humanity)” token, the following action will be taken:

8-1- Depositing 70 “Knight of Humanitarian” tokens according to the column 1
8-2- Depositing 140 “Knight of Humanitarian” tokens according to the column 2
8-3- Depositing 250 “Knight of Humanitarian” tokens according to the column 3
8- 4-Depositing 420 “Knight of Humanitarian” tokens according to the column 4

*In all cases, the insurance obligation is in token and their type, in the sense that the medical expenses or investment committed in the case of life insurance, is paid in the form of the ?????? token, if necessary, the recipient can convert it to other digital currencies or to FIAT currency at the same moment and receive it through the exchange link.
* The staked tokens in the insurance support fund and their type, so the same token that is staked will be returned at the end of the investment period.
* The insurance support fund is allowed to convert staked currencies into FIAT or StableCoin and benefit from the interest on keeping it in the bank or staking. In this regard, the guarantor/sponsor will supervise. It is necessary for the applicant of insurance coverage, to have a certain amount of tokens in his possession, and stake it in the insurance support fund. For this purpose, the applicant can obtain the required token by participating in solving challenges and as a result token mining or buying it in the crypto market. At the end of each period, the insurance protection and support fund checks the ratio of the paid losses compared to the income from the deposits, and if the amount of losses is less than the income by deposits, 50% of the profit belongs to the platform and 50% is deposited to the insurance protection and support fund. If there is a loss, the amount of the loss has been paid from the resources of the insurance protection and support fund (or if the loss exceeds the amounts of the fund, the aforementioned methods have been used), and after paying the insurance losses, this amount is added to the accumulated loss account and It will be transferred to the next period. If there are 3 consecutive years of profits from the insurance activity, at the end of the third year, the profits will be allocated to the ownership of the platform, and if there is an accumulated loss, it will be zero from the fund.
How to benefit from insurance coverage: Life insurance, Health insurance

Life Insurance 

Regarding Health insurance, the coverage tables based on the level of insurance presented below specify the way individuals can use the coverages. The medical expenses are based on the type of coverage, and the annual limits which is implemented through smart contracts and all the insured can receive a specific code by submitting a request to use insurance coverage, in their available application and website , and by presenting that code to a medical center such as a hospital, by entering the desired code in the website portal, the medical center checks the validity of the insurance policy and the limit of insurance coverage, and after receiving the confirmation from insurance, will receive the limit of coverage and after providing services by sending medical information documents including:
1- Physician's prescription and instruction
2- Admission document from the medical center
3-Treatment documents according to the type of treatment or medical services needed
4- Final reports and invoice
After the documents are confirmed by the platform system, the committed costs are transferred to the medical center. Obviously, the payment of insurance obligations will be in the form of ?????? and the recipient can request to convert it to another digital currency or convert it to FIAT currency at the same time through the exchange link.
Artificial intelligence (AI) acts to receive, facilitate, and approve the mentioned documents.
Note: Considering the value of some for insurance coverage purposes, the medical center may prefer not to convert it to FIAT.
In addition, considering that there is a system for more rewards for converting tokens to 7 times or 70 times, the owners and recipients are more keen to keep the tokens, and due to the transparency in the blockchain, sometimes the token holders can predict the future status of their token, and save the tokens that are expected to growth.
It should be noted that at the time of payment of medical expenses after confirmation, the cost center can announce that the ?????? payment will be deposited into the account of the insured and the insured settles the bill directly with the hospital or the medical center the payment could be either in FIAT form. or ??????.

Medical insurance

Considering that every person is covered under life insurance by staking and in some cases by obtaining a medal token, at that time, the NFT of the “will" and the identity of the person in question is made, in this process by one of the authentication methods in the form of encryption, the person verifies his identity. At the same time, he determines his heir, which is authenticated in the same -way, and his/her encrypted documents are included in the wallet. If the person in question dies, the documents will be sent through the specified portal on the website or application, and after confirmation, the person's account will be closed, and the life insurance sums will be transferred to the heir based on his life insurance coverage. Also, all his/her assets will be transferred to the designated heirs in the same way.

Benefits of provided insurance: 

1- The cost of insurance premiums is practically non-existent or insignificant.
2- Payment of medical expenses is done instantly and without paperwork.
3- There is global coverage and 24/7availability for using insurance services.
4- There is no franchise
5- All operations are carried out through smart contracts and artificial intelligence on the blockchain platform and are fast and transparent.
6- There is a presumption of good faith and trust and the deposit of the insurers will be a guarantee for the accuracy of the actions taken.
7- In addition to supporting services, artificial intelligence is developed to verify the performance of the medical center and insurance Proposers.