Reliance General Insurance will soon launch nine sandbox products to meet the evolving consumer needs.
Reliance General Insurance is a subsidiary of Reliance Capital which is one of India's leading general insurance companies.
It provides solutions to issues related to auto insurance, health insurance, travel insurance, and home insurance.
This announcement is constantly working with the company's long-term goal of re-inventing and redefining the insurance sector to meet the rapidly changing customer expectations in the digital age. "Three of the nine products are from the telematics segment, with the remaining offerings coming from the company's innovative product line designed to meet customers' current and future policy needs. As one of the most technologically advanced insurance companies, RGICL intends to introduce these cutting-edge product offerings in order to provide comprehensive insurance coverage in the future "In a statement, the company stated.
“The company has already received sandbox approval for the nine products from Insurance Regulatory and Development Authority of India (IRDAI) in one go in the second cohort,” it said, adding that it is among the few companies with highest sandbox approval rates in the country.
“The pandemic has transformed the insurance landscape and elevated customer expectations. The approved nine sandbox products are designed to meet customer expectations through personalised offerings,” said Rakesh Jain, CEO, Reliance General Insurance.