Low Adoption of VPSC
About TATA AIA
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th
Problem Statement
Challenge title
Low Adoption of VPSC
Challenge Description
VPSC - Video Pre-submission calling happens at the time of policy issuance when the customer has to conduct a video recording of himself reading out a declaration htrough a web based application. These decalations ensure that the customer has is aware of policy that he /she is buiying the associated premium and benefits. Most of the insurers take these declarations form the customer over telecalls as well. Though technologically advanced the VPSC is seeeing a low adoption from the end user. We are looking for innovative products or ways to increase adotption.
Challenge Pain Points
Low adoption of VPSC
Expected results
Higher Adoption of VPSC
Alternate Solution
Eligibility
- Any startup registered in Kerala
- Startup should have unique id(KSUM) and DPIIT number(startup India) for applying towards the challenges.
