Bite-size insurance: Is it really worth it?3 min read . Updated: 06 Apr 2019, 09:58 AM IST
- Small-ticket insurance cover, also known as sachet or bite-size insurance, is a non-comprehensive plan, focusing on a specific need and comes with a low premium and lower cover
- If you intend to buy bite-size covers then understand the inclusions and exclusions to avoid last-minute surprises
Mumbai: Buying products in small affordable sizes is not a new concept. For instance, shampoos were successfully sold, especially in rural India, in sachets through which the shampoo industry tapped into the lower-end market, which could buy it at a low cost for one-time use. Taking this concept ahead, the insurance industry has introduced sachet or bite-sized insurance products in the market. Still at a nascent stage, sachet insurance products are gaining interest from investors and consumers. Here we looks at bite size insurance products and tells you whether you should buy it.
Select your Category