The New age insurance is changing the game. 28^th June 2019

The New Age Insurance is evolving and we are seeing a lot of new age insurers entering the game alongside the traditional players

Pricing:

Traditional – Expensive as you pay for the operational costs
New age – Cost effective when the company is going paperless
Ease of Dealing

Buying

Traditional - As complicated as buying a house
New age – As easy as placing an order online

Communication

Traditional - As complicated as reading a report
New Age - As simple as reading an article

Claims

Traditional - Hurdles and bottlenecks throughout the process
New Age - Smooth sailing

Paperwork

Traditional - Maximum paperwork, more hassle
New Age - Minimum paperwork, maximum ease and convenience