Nearly 77% of India’s population is not covered for medical expenses. About 65% of two-wheelers, 18% of private cars and 12% of goods-carrying vehicles are uninsured. As regards homes and micro & small commercial establishments, nearly 88% have no insurance cover. Those who are insured are not insured sufficiently.
The situation offers a major opportunity to the industry to deep-mine by realigning its focus. On the supply-side, appropriateness of strategies relating to products, pricing and distribution need to be relooked at, especially to target the low / middle income Indians. On the other hand, there is a strong need for some demand-side interventions to enable people to buy insurance or to buy more comprehensively.
Finsall offers its services for developing, operationalizing and evaluating insurance programs. As we believe that the key differentiator in the service levels are human resources, we offer our services towards building capacities and accessing skills for efficient delivery of insurance. On the business side, putting together our hands-on experience in managing various customer segments, we offer our services in the areas of landscaping the Accident & Health insurance market, inventorying attributes of customer segments, competition, operations and business planning.