Insurance sales might undergo changes in 2016. With more number of telematics devices hitting the market and simple over-the-counter (OTC) products being sold by companies, it would be a win-win situation for policyholders.
Low insurance penetration (below five per cent of the gross domestic product) has been a cause of concern for the sector as well as the regulator, Insurance Regulatory Authority of India (Irdai).
One more development in the making of online platform for agents
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