HDFC Life launches industry first 3-click pre-approved insurance offer called INSTAInsure
INSTAInsure is an easy-to-use and immensely
powerful platform for HDFC Life’s partners and their customers which offers:
- Pre-approved sum assured
- Policy issuance in minutes
- Fast and effortless 3 click journey
- Quickest form filling experience
- Easy-to-understand and seamless user interface
Mumbai,
September 25, 2019: HDFC Life
Insurance Company Limited, one of India’s leading life insurance companies, has,
as part of its InsurTech journey, launched INSTAInsure - an industry first initiative
that provides a 3 click pre-approved insurance offer. This development
reinforces HDFC Life’s vision and commitment to build processes that simplify
the on-boarding journey for its customers and vast distribution network.
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|
Parvez Mulla, Chief Operating Officer, HDFC Life
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INSTAInsure is an end-to-end digital
journey that
enables a partner’s customers to purchase a life insurance policy in a quick
and hassle free manner. Through the power of INSTAInsure an existing customer of
any of HDFC Life’s partners can purchase a policy instantly, in just 3 clicks. The
policy issuance is done almost instantly.
Speaking on
the launch, Mr. Parvez Mulla, Chief Operating Officer, HDFC Life said, "We
are pleased to announce the launch of INSTAInsure – another industry first from
HDFC Life. Our journey of re-imagining insurance through the power of
technology, products and services has received a boost with this launch. With
INSTAInsure, we are confident that HDFC Life’s partners and their customers will
experience the benefits of our efforts around journey simplification, partner
integration and data management. This avant-garde tool now offers the potential
to attract a whole new untapped customer base via a digitized platform that
allows buyers to purchase policies in a few simple steps. We hope to see this
result in increasing the penetration of insurance in India.”
Key benefits
of HDFC Life INSTAInsure:
Partners:
- Easy-to-integrate
- Insurance in minutes
- Adaptable, easy-to-understand front-end
Partner’s
customers:
- 3 step buying journey
- Automatic KYC and income verification
- No medical check-up
About HDFC Life
HDFC Life Insurance Company Limited (formerly
HDFC Standard Life Insurance Company Limited) ('HDFC Life' / ‘Company’) is a
joint venture between HDFC Ltd., India’s leading housing finance institution
and Standard Life Aberdeen, a global investment company. Established in 2000, HDFC Life is a leading
long-term life insurance solutions provider in India, offering a range of
individual and group insurance solutions that meet various customer needs such
as Protection, Pension, Savings, Investment, Annuity and Health. As on June 30, 2019, the Company had 38
individual and 11 group products in its portfolio, along with 8 optional rider
benefits, catering to a diverse range of customer needs.
HDFC Life continues to benefit from its
increased presence across the country having a wide reach with 421 branches and
additional distribution touch-points through several new tie-ups and
partnerships with over 270 partners comprising NBFCs, MFIs, SFBs etc. and
including more than 40 new-ecosystem partners. The
Company has a strong base of financial consultants. For more information, please visit our
website, www.hdfclife.com. You may also connect with us on Facebook, Twitter,
YouTube and LinkedIn. 💢💢
