I would like to know, if digitization of all insurance products like Life Insurance, Health Insurance, Vehicle Insurance has happened in developed nations and if it has happened, what are the learning from those developed nations?
Generally I have observed that, such trends and practices generally start from developed nations and then we see similar trends in India as well. So some insights from developed nations may help here.
Also, I am curious to know, if any one has researched about KYC practices in developed nations. Do they require customers to update KYC periodically as we are doing for Bank KYC, MF KYC, Locker KYC, Demat KYC, and various other such KYC processes? I believe that, all these KYC updates consume some money and entities like CAMS might be gaining some transaction fees out of it. I may be wrong.
But, if such practices and frequency of KYC updates keep going up in future, will it be a positive for CAMS? Will it have positive impact on its revenues earned through such transactions?
Disc : No investment in CAMS.
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