The new arrangements work best for simpler products such as motor insurance or travel insurance as these products are quite easy to understand and do not require too much of underwriting efforts to sell the product. These products come under the ambit of an insurance POS and frees up the current full-fledged distributors to sell more of the complex products like ULIPs and deferred annuity plans.
The following benefits of POS would help the insurance industry to boost their business and reach to a larger crowd across the nation.
By: Mr.Rakesh Goyal, Director, Probus Insurance Broker Ltd
In India, the increased medical costs are the biggest concerns among the individuals. Moreover, the kind of lifestyles people prefer nowadays can ultimately lead to several health issues and turnout in augmented expenditure on hospital bills.
Opting for an optimum health insurance plan helps in maintaining the uncertainties and instabilities by offering a financial steadiness that’s difficult to find anywhere else. Also, it’s always a wise choice to have you and your family covered for any medical emergencies that may knock your door anytime in the future.