Vishal Gupta, CEO of PhonePe Insurance, discusses how digital innovation can break barriers and make insurance more accessible and affordable for all Indians.
Gupta highlights the importance of awareness, accessibility, and affordability in increasing insurance penetration in India.
He emphasizes the need for simplified and personalized insurance products, as well as leveraging digital distribution to reach every corner of the country.
PhonePe is introducing a new feature called 'Pre Approved Sum Assured' to address the hurdle of providing proof of income for insurance purchases.