Day: March 24, 2025

Like in every sphere of life, AI is now being widely used in insurance. AI has brought a significant revolution in the insurance industry, especially underwriting, by enhancing accuracy, efficiency, and speed.  “Furthermore, with an AI-driven underwriting process, it is now possible to detect frauds using ML algorithms, personalize pricing based on an individual’s risk profile,… Continue reading How AI Underwriting Can Make Insurance More Cost-Effective And Inclusive

Government as well as semi-government employees can opt for postal life insurance (PLI).  There are several options to choose from. Whole Life Assurance (Suraksha): This policy offers life-long coverage and a lump sum amount upon surrender or maturity. This provides a sum assured with an accrued bonus either when the insured dies or reaches the age of 80. The minimum sum… Continue reading Postal Life Insurance: A Secure, Low-Cost Option With High Bonus Rates