Description: Insurance is a long-term investment. It is very important to get complete information about the policy you want to buy.
With creative ideas and effective ways of communication, insurance has become a familiar concept amongst internet users
Section 80D of the Indian Income Tax Act allows you to claim a tax deduction for up to Rs 50,000 in premiums paid as EMIs on your Mediclaim policy
Govt insurance schemes inducted 65 crore beneficiaries between 2015 and 2021, while 17 crore bought 17 crore policies
While the idea of sachet insurance is commendable, it seems it is yet to make an impact where it is most needed.
The trend is encouraging as insurance penetration in India is abysmally low at 3.76% as of 2019
Not only customer service, but the focus has also been on reaching out to the last mile customers for increasing the insurance penetration
Many insurance unicorns and start-ups aim to simplify insurance by offering online solutions
Experts said it is time to review the insurance portfolio to keep your family financially secured in case of an emergency or unforeseen incident