Ravi Lalwani: When did PolicyBazaar enter the UAE market? What features made it an attractive market? What are the main differences between UAE and Indian markets?
Neeraj Gupta: PolicyBazaar entered in the UAE market in 2018. We were exploring our expansion in the international markets, and we chose UAE for the expansion, because UAE has a good Indian population and secondly there is a brand awareness about us among the customers, as a lot of these customers have used our services in India.
What are the main differences between UAE and Indian markets? Is your tech platform the same as in India, or are there some differences? Please highlight the differences.
In India, there is good knowledge and education among the customers about buying insurance products digitally. While in UAE the insurance penetration is very low, as people in the UAE are less aware about importance of ‘protection’ in their lives.
Most of the people in India don’t have plans to leave the country, but in UAE 90% of the population is expat - they are always thinking of leaving UAE after 5-10 years to their own country. So, there is confusion regarding the continuance of insurance policies after leaving the UAE. India and UAE have different tech platforms, India is ahead of UAE in terms of the digital adoption of financial products. In India, you can buy digital insurance products instantly, while in UAE there are limited insurance companies that provides an instant insurance policy.
هذه القصة مأخوذة من طبعة February 2022 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2022 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Kamdhenu & Sammrudhi loans top rural customers
Unnayan Bharat Finance Corporation (UBFC) Director & Co-Founder Avneesh Trivedi shares the company's attempts to enhance the rural lending environment & deliver better services to its consumers:
It's going to be a 'world' of CBDCs
Practically, every central bank in the world is testing and readying a CBDC system:
Training for behavioral & social skills is key
3 CHROs from the top BFSI companies in India open up about their training and motivation programs aimed at enhancing employee effectiveness. The story is divided into 4 parts: (i) functional and behavioral training, (ii) manager to leadership training, (iii) learning-based training, (iv) motivational programs:
THE AI COMPASS
Artificial Intelligence has risen to be the hottest topic of discussion today. It is expected to impact everyone, and the impact could exceed that of war, global warming, supply chain disruptions, geopolitics, and much more.
To mentor & coach emerging leaders
Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future:
Innovation will unlock India's Mission 'Atmanirbhar’
Sunita Handa is Chairman, Toyota FSIN and Principal Advisor & TLAB Chairman, Protectt.ai Labs. She shares her current activities and her deep insights on innovaiton in an interaction with Manoj Agrawal:
Algorithm is the Boss
Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender:
Fintech and Neobank under the same Umbrella
It was started in 1902 to build what came to be called Israel:
Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation
A productivity booster shot at BALIC:
Small Beginning for a Big Opportunity
AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers: