Insurance is not a commodity, hence buying and selling insurance has traditionally been channel-centric. The customer is rarely seen going to a seller and buying a policy except in cases where the law mandates insurance to secure one’s goods or property. In 2013, the insurance regulator framed regulation to introduce a new channel known as web aggregators to cater to the young who prefer to make most of their financial transactions using the internet.
Nine big financial changes that you must watch out for in October
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