Others Specials Digital Transformation in Life Insurance Policies Enhancing Accessibility Digital Transformation in Life Insurance Policies Enhancing Accessibility Digital Transformation in Life Insurance Policies Enhancing Accessibility New Delhi [India] October 7: The insurance market has seen a significant transformation since the emergence of advanced technology. Digital tools, such as online portals and websites, mobile apps, and chatbots, have made accessing life insurance policies much easier for people. Read on to learn everything about digital transformation in life insurance policies. Key Features of Digital Life Insurance The sale of life insurance policy is still done traditionally through broker-to-client interactions. This requires a lot of in-person interactions and paperwork, which may turn off most potential clients. The enrollment and marketing processes can be digitised to speed up the procurement process. Additionally, it helps in: Making it convenient for policyholders to get assistance under one platform. Chatbots, web portals, and mobile apps are common examples of digital platforms that help consumers with their inquiries in the comfort of their homes. By utilising massive amounts of data, insurance companies can better understand individual risk parameters and develop more accurate pricing policies. Digital life insurance has enhanced the policyholders’ experience. For example, customers can […]