ICICI Lombard’s Post

#Internet users in India have crossed the 800 Million mark. #Rural India has more internet users than Urban. The #gender divide has narrowed over the years with 54% male and 46% female internet users. Internet users who prefer #Indian #languages form 70-75% of the total online population in India. Any business that wants to capture this lucrative market share must be available in Indian languages using an #omnichannel approach including a #website, #mobile app, online #chats, #emails, and #SMS. Are you ready to make the move? Neeta Joshi Prakash Sankaran Shitiz Dogra Nitiz Murdia Kabeer Chaudhary Venkat N Chalasani Puneet Manuja Sanjay Ojha Chandan Tewatia Lakshya Arora Bhanu Harish Gurram Hari Shankar

The days of complex, disconnected insurance is behind us—today, it’s all about accessibility and seamless integration. Digital, connected, and embedded, that’s the future of insurance in India. At Riskcovry, we’re not just part of this shift; we’re leading it. Outlook Publishing (India) Pvt. Ltd. explored how our platform is revolutionizing insurance distribution across industries, making it faster, and more accessible. Catch the full story here: https://lnkd.in/d7krWY5g #insurtech #digitaltransformation #insurancenews

Empowering Financial Futures: Wealth Managers in Atmanirbhar Bancassurance Revolution! 🌐💼 Wealth Managers, the architects of financial self-reliance, are reshaping Bancassurance with an Atmanirbhar Bharat vision. From educating clients on insurance's pivotal role to crafting tailored solutions, they pave the way for holistic financial well-being. Unlocking cross-selling synergies, integrating risk management, and championing tech-driven efficiency, Wealth Managers redefine client experiences, contributing to India's self-reliant financial landscape. In this collaborative journey, ethics, compliance, and trust are non-negotiable. Bancassurance becomes a symbol of financial empowerment sculpted by Wealth Managers for an Atmanirbhar Bharat. #atmanirbharbharat #wealthmanagement #bancassurance #wealthmanagers #thehindu #taxtrics #insurance

IRDAI has approved Bima Sugam, which is an online marketplace for insurance. How will it impact Policybazaar.com business? In Q3FY24 PolicyBazaar made a profit for the first time. Will this will this be on a sustainable basis? Yashish Dahiya, chairman and CEO of P B Fintech shares with me how PolicyBazaar plans to grow and sustain profits in the future.

#DidYouKnow that nearly two-thirds of people in India’s tier 2 and 3 cities lack insurance coverage? And it’s not just individuals, most small and micro enterprises are left unprotected too. But what if the key to unlocking these untapped markets lies in a powerful collaboration? Discover how strategic partnerships between insurance companies and MFIs could be the game-changer for financial inclusion in India. Click to read: https://bit.ly/4dmOb0r #InsuranceForAll #FinancialInclusion #MFI #InsurTech #InsuranceInnovation #GrowthStrategy

We recently had the privilege of attending the FinTech Festival India. Alongside industry veterans, I talked about how the very understanding of why insurance is important needs to move from mere investment to protection as a basic responsibility of every individual towards his/ her family. We also discussed how tech has helped make insurance a smoother experience for customers and attracted a larger section of society to such a critical purchase. Listen to the discussion in its entirety right here: https://lnkd.in/gsjfasun #Fintech #Insurance #TechInnovation #FinancialResponsibility #FintechIndia #Insurtech

You strive to provide comfort, happiness, and security to your family and you would want your family’s future to be secure at all times. ICICI Pru iProtect Smart gives you the flexibility to design your safety net so that you can protect your family’s future to ensure that they lead their lives comfortably without any financial worries, even in your absence. This plan offers you the option to enhance your coverage against Accidental Death and Accelerated Critical Illnesses and hence ensuring a 360 degree cover on your life. Offering very affordable premiums with 15% discount to salaried people and women. Contact me for more information. 😊 #termplan #lifeinsurance #icici #iciciprudential #iprotectsmart #lifecover

How The Convergence Of Insurance And Tech Is Leading Financial Inclusion In India? As someone from the insurance sector, I am happy to see how the convergence of insurance and technology is transforming financial inclusion in India. We are always on the forefront of leveraging digital platforms and applications to make insurance accessible and affordable for everyone. Innovations like microinsurance are empowering low-income and rural communities with the protection they need. By using advanced data analytics, we can offer personalized products that truly meet our clients' needs. The support from IRDAI has been significant, and I am looking forward to the future of Insurtech in driving economic resilience across India. #policyensure #insurance #insuranceindustry #innovations #finance #thought #thoughtleadership

Insurance industry has made significant strides, there's still untapped potential that can be unlocked through innovation, improved distribution networks, consumer education, and technological advancements. Collaboration can drive positive change and foster a more resilient and responsive insurance landscape in India. BimaPay #Fintech #Insuretech #Finsure #BIMAPAY #InsuracePremiumFinancing #AdvanceAgentCommisionfinancing #InsuranceIndustry #insuranceagent #insurancebrokers #insurancepremiums #insurancecommisions #collaboration