Apollo Insurance helps IRDA to sell plans via MakeMYTrip.com Banking
Insurance Regulatory and Development Authority of India (IRDA) is selling Insurance plans by help of Apollo Insurance
Insurance sector is in motion with Apollo Insurance, MakeMYTrip.com helps of Apollo Insurance to selling Insurance. The apex statutory body which regulates and monitors insurance policies and marketing in India has slapped a fine of Rs 20 lakh on Apollo Munich Health Insurance.
MakeMyTrip bestow attractive domestic travel insurance offers to the customers, Apollo Munich Insurance playing important role in this sector. Apollo also confer accident, loss of baggage, delay in receiving checked-in baggage, personal liability, personal damage, trip cancellation, delays and more of Insurance covers.
Online Insurance will touch Rs. 20 lakh Crore in 2019
For some policies, there are future premium payments as well, which cover future domestic travels of the customers. IRDA may examine their modus operandi now, and determine whether they are violating any insurance rules.It is expected that by 2020, online insurance will touch Rs 20 lakh crore by 2020.