Role of technology in insurance
About: Role of technology in insurance
LIC's policyholders may have never expected so much convenience. Getting to check policy status and every other detail online in the comforts of ones home is truly a dream come true.
And that's not all. The corporation's plans of online premium payments that has gone on stream will make premium payments easier and hassle free. So the policyholder will also have the facility to pay premium for a Delhi based insurance policy in Mumbai.
And all this has been introduced only after the industry has been thrown open. Blame it on the lackadaisical attitude of the government in educating the masses or the types of covers that were issued earlier, insurance was never considered as important before. The purchase motivation was mainly for tax purposes. But now the industry has gone through a revolutionary change.