πŸ“˜ Insurtech – Legal FAQs

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❓ What is Insurtech?

Insurtech refers to the use of technology to improve and streamline the insurance industry, including policy management, underwriting, claims, and customer experience.

❓ How does Insurtech benefit customers?

Insurtech offers faster policy issuance, personalized plans, easy claims processing, and cost efficiency through automation and data analytics.

❓ Is it safe to buy insurance from digital platforms?

Yes, reputable Insurtech platforms are regulated and partner with licensed insurers, ensuring customer data protection and valid policy coverage.

❓ Can I file and track claims digitally?

Absolutely. Most Insurtech platforms allow users to file claims online, upload documents, and track claim status in real time through their app or website.

❓ What types of insurance can I get through Insurtech apps?

You can purchase health, life, vehicle, travel, gadget, and even microinsurance products through Insurtech platforms based on your needs.

❓ Do Insurtech platforms offer instant policy approvals?

Yes, many platforms use AI-powered underwriting to offer near-instant policy approvals based on user profile and risk data.

❓ Are Insurtech apps suitable for small businesses?

Yes, Insurtechs offer customized policies for startups and SMEs, including employee insurance, asset protection, and cyber coverage.