Indian Insurance Sector Will Invest 130 Billion INR on Technology in 2015

According to Gartner Inc. forecast, Indian Insurance sector is expected to invest Rs. 130.4 billion rupees in IT for automating their services and products in 2015. The survey reveals that the Indian Insurance companies are focussing on improving business mobility, digital marketing, and business intelligence and analytics. Subsequently, insurers will invest in software, hardware, telecommunications, and IT services. 

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
Term Insurance plans
Save more with upto 10% discount
Covers COVID-19
Policybazaar is
Certified platinum Partner for
Claim Settled

+Tax benefit is subject to changes in tax laws. +Standard T&C Apply

++Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

Get ₹1 Cr. Life Cover at just ₹449/month+
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
We are rated
58.9 million
26.4 million

Mr. Derry Finkeldey, Research Director, Gartner Inc. said, “Insurance companies are keen to promote loyalty amongst agents and customers who prefer to transact via the online platform.”

The reports indicate, rapidly evolving health segment will be first to receive the benefits of automating Insurance purchase, followed by the bigger non-health segment. 

Currently, insurers are massively funding IT sector, with an investment of Rs. 46.3 billion, which is 36% of the total market.

Subsequently, Business Process Outsourcing sector will witness a speedy growth of 22.8% as it would generate a business worth Rs. 5 billion in 2015.

Source: This news was published on April 30, 2015 in the title: Indian insurance firms will spend Rs 130 billion on tech in 2015 

Types of Term Plans

Life insurance articles

Recent Articles
Popular Articles
Post Office Gram Suraksha Scheme Calculator

27 Jun 2022

A Post Office Gram Suraksha Scheme calculator is a useful online...
Read more
What happens if you stop paying life insurance premiums?

03 Jun 2022

Buying the best life insurance plan is a wise and learned...
Read more
Postal life Insurance Tax Benefits

26 May 2022

Postal Life Insurance is the oldest life insurer in the country...
Read more
How to Download PLI Statement Online?

24 May 2022

PLI or Postal Life Insurance was an initiative originally...
Read more
Is Life Insurance an Investment?

24 May 2022

The thumb rule to building wealth is to invest your money in...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
Post Office Gram Suraksha Scheme Calculator
A Post Office Gram Suraksha Scheme calculator is a useful online tool that can be accessed free of cost. It helps...
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI...
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.