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Over 58,000 life insurance policies sold online

Over 58,000 life insurance policies sold online

Saturday, March 18, 2017, 12:18 PM

The sales of online life insurance policies are gradually increasing. The Gen ‘Y’ finds it more convenient and cost-effective to purchase a life policy over the internet. Insurance Regulatory and Development Authority India (IRDA) data shows, the online sales channel had contributed 0.22% of new business premium in FY 2015-16. Earlier, the online distribution channel was included in the ‘direct sales’ channel.
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