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“While encouraging innovation, the regulator must run alongside it, keeping in view the interests of policyholders,” Irda said.
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Besides integrating verticals, banking channels will also be integrated so that customers can buy the insurance digitally from anywhere.
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Nilesh Parmar, COO, Edelweiss Tokio Life Insurance is bound and determined to reap big dividends with a well-thought-out digital strategy centered around products, platforms and customer experience.
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Currently, there are 24 companies each in life and non-life insurance spaces. Besides, there are six standalone health insurers and eight reinsurance companies in the country.
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Claims ratio and number of claims pending % are important indicators of product performance.
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The premium payable for a term plan varies due to various reasons. Mentioned below are some of them. Essentially, the underwriters consider the factors on the basis of whether
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Whosoever has owned a car or a bike probably knows that No Claim Bonus (or NCB) is discount given to the insured on renewing the car insurance cover provided he/she ...
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