India’s Choice Group has launched an insurance aggregator platform called ISMOS that will offer life, health and general insurance.
Suyash Patodia, executive director of Choice Insurance Broking, calls ISMOS is a one-stop solution to improve the low insurance penetration in the Indian market with a risk mitigation products.
The interactive and tech-enabled platform with universal reach offers comparable quotes from multiple insurance companies. Customers will be able to extract a quote and buy the insurance policy of their choice, instantly.
To supplement the online initiative, the platform has enrolled 1,000 salesperson so far to aid users if they seek assistance. The platform will also facilitate claims through third-party administrators.
Choice Insurance Broking Pvt Ltd is in the process of being acquired by Choice International to be its wholly-owned subsidiary.
Topics New Markets
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