Can AI Finally Make Insurance Understandable for Indians?
New Delhi [India], May 21: Consider a nation with a population where 5% of the individuals have insurance coverage. And even more shocking! Of those who do, 65% find it hard to understand their “fine print.” This scenario paints a picture of a country that has been underachieving in insurance in terms of awareness despite a significant potential for decades. Even after years of robust growth, its penetration rate is abysmally low, only 4.2% of its GDP. Lack of funds has not been the issue; it has been a combination of incomprehensible language, 80 pages long documents, and an underlying fear of getting sold a product of dubious value.Buying insurance in India is as challenging as solving a tough math problem without any guidelines.2026 sees the dawn of a new era of the...










