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Insurers partner with paytechs to widen distribution in India:GlobalData
Ayushi Tandon, Senior Fintech Analyst at GlobalData, comments: “Insurance companies in India that have collaborated with paytechs are likely to reach a large customer base in a fast and inexpensive way. The strategy can work well as the use of payment platforms has dramatically increased in the country over the recent past, especially after the demonetization and during the COVID-19 pandemic. It can also simplify the entire customer journey in insurance, from purchases to claims.’’
COVID-19: India records 11,649 new cases, 90 fresh fatalities
The number of people who have recuperated from the disease surged to 1,06,21,220 which translates to a national COVID-19 recovery rate of 97.29 per cent, while the COVID-19 case fatality rate stands at 1.43 per cent.
There are 1,39,637 active cases of coronavirus infections in the country which comprise 1.28 per cent of the total caseload, the data stated.
SC notice to Centre, WhatsApp on plea alleging lower standards of privacy for Indian users
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