Almost all insurance policies will be issued in electronic form with effect from 1 October this year, with insurance buyers required to have an e-insurance account (eIA) to buy or renew policies thence.
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Jun Jacinto
This is a very interesting development in the Indian insurance market and should be seen as a positive way to sell more insurance products to the general public. On the other hand this new selling platform could apply well only to the retail market and not for corporates and institutional accounts which belongs to the traditional broker market. It would be interesting though to see corporate buyers having access to on-line insurance buying sites. Brokers will now be forced to match up against the direct selling efforts of insurers applicable though to their smaller, loss-free clients who might want to save on annual premium cost.
17 August 2016
Paul Meeusen
Great news. Now reliable identify management and broader adoption of bank accounts also need to move in same direction for the whole eco-system to work.
Mike Wise
This will likely be a bit challenging at first, but #worthit in the long run. A focus on 1. #usability testing will be critical. Thinking further ahead, with a good 2. #CEX comes the opportunity for 3. #EWOM. Those that master those three essentials will be big winners. In the context of the ongoing Olympics, "Let the Games begin!" @mikewise07
18 August 2016
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