In addition to providing airport patrons with a convenient source of travel insurance, automated insurance vendors are helping to revolutionize insurance buying in rural areas of India. ICICI Lombard was the first to introduce automated insurance kiosks in Chennai, India, according to Manorama Online. The financial service company plans to establish a network of such kiosks across the country.
The insurance kiosk functions almost like an automated teller machine, and customers, particularly travelers, can use it any time for taking out policies in minutes. ICICI Lombard is planning to offer all of its insurance products through the kiosks.
The company also has introduced insurance coverage for school children and college students studying professional courses. In case of accidental death, the student's guardians will receive compensation equal to the tuition fees.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
