Insurance Intermediaries play a vital role in insurance distribution & services. Distribution channels are the extended arm of insurers. Physical sales forces and intermediaries are responsible for the majority of insurance distribution across geographies and lines of business. Insurance intermediaries serve as a bridge between consumers and insurance companies.
Health insurance is a living benefit product and provides people with a much-needed financial backup at times of medical emergencies. One-time hospitalization can burn a hole in your pocket and derail your finances if you do not have a health insurance plan in place. Customers are slowly realizing the fact that comprehensive plans will give them complete protection against hospitalization not just due to Covid-19 but other illnesses as well.