News From Press ‘Digitization drive will help insurers cut costs’

‘Digitization drive will help insurers cut costs’

Life insurance is now moving to a slightly nudge product from a push product, which means more people are enquiring about it

Mint Jul 20, 2020

Life insurers saw a sharp fall in premium collections in the March and June quarters due to the uncertainty caused by covid-19. The developments have given the much-needed push for further digitizing the insurance sector. In an interview for Mint’s Pivot and Perish series, Tarun Chugh, managing director and chief executive officer, Bajaj Allianz Life Insurance Co Ltd, shared his views on what has changed for the industry and the new normal.

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