Insurance Industry is witnessing a growing trend in adopting alternate channels of distribution to fuel business growth. An innovative idea of distribution is the new mantra and insurers are aligning their business strategy in line with changing customer requirements and preferences. It is imperative for them to strike the right balance between traditional and modern models to survive for a longer period of time.
The reforms of insurance sector in India
India has become the fourth largest automobile market in the world. The Indian automotive industry is on an adrenaline-fuelled drive. In CY2017, the industry notched record highs across vehicle segments. Importantly, it surpassed Germany to become the fourth largest market for vehicles globally. Clearly, it is one of the fastest growing markets worldwide and is pitched to become the No. 3 by around 2020.
Motor is the largest segment of general insurance
Insurance Industry is witnessing a growing trend in adopting alternate channels of distribution to fuel business growth. An innovative idea of distribution is the new mantra and insurers are aligning their business strategy in line with changing customer requirements and preferences. It is imperative for them to strike the right balance between traditional and modern models to survive for a longer period of time.
The reforms of insurance sector in India
Digital, a small word with just seven characters, is the largest trend of our times and is shaping, disrupting and transforming many industries. Insurance is no exception.
The world has moved to a stage where the risk of dying too early is far outweighed by the risk of living too long. Today Life insurance is a must have product. It’s not about not being fair to the customer. It is about the structure of the product itself—the ability to operate a t
India is known as spiritual country from ancient time because sanatan Dharma emphasis on practice of soul, spirituality, self realisation & self refinement of soul. It's vedas told science is incomplete without spiritual science because science can be used positively or negatively but spiritual science is a practice of soul to makes a man humanitarian.
However, there is a dearth of good spiritual books which are reader friendly. India has some posit