#OutlookMoney Insurance Summit 2nd edition | #KeyTakeaways from Anand Roy, Managing Director at Star Health and Allied Insurance on bite-sized #insurance
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@StarhealthInsurance #StarHealthInsurance #finance #OutlookMoney #Money #OutlookMagazine #OutlookGroup
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00:00 The concept is not new.
00:07 I remember also way back, we started off with travel insurance was also a type of a bite-sized
00:13 product, you know, where people could buy insurance for exactly the number of days they
00:17 would travel as compared to what used to be earlier a package policy where, which was,
00:22 you know, predefined.
00:23 So I think, you know, bite-sized concept has always been there.
00:27 But now with the onset of, you know, a lot of online e-commerce and stuff, I think there
00:34 is a opportunity to cross sell and attach relevant insurance coverages along with the
00:40 products that customers are buying online.
00:42 So I think, you know, it has become more popular now, of course.
00:46 But yes, the bite-sized product concept has always been prevalent in the insurance industry,
00:51 not so largely as it is right now.
00:54 [Music]