Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / Personal Finance/  SBI General Insurance launches insurance buying facility via WhatsApp
BackBack

SBI General Insurance launches insurance buying facility via WhatsApp

The hassle-free buying experience ensures that end-to-end policy purchase happens on the platform itself, right from exploring product features to accessing policy documents

Apart from facilitating purchases, the WhatsApp chatbot allows for deeper insights into customer journeys and possibilities of advanced personalisation across crucial customer touchpoints (iStockphoto)Premium
Apart from facilitating purchases, the WhatsApp chatbot allows for deeper insights into customer journeys and possibilities of advanced personalisation across crucial customer touchpoints (iStockphoto)

SBI General Insurance has tied up with Gupshup, a leader in conversational engagement to offer a new insurance policy, renew an existing one, intimate claims and more, through WhatsApp.

Customers across the country can buy insurance from SBI General by sending a ‘Hi’ and Gupshup’s chat bot will guide users through a simple and secure buying process, and help them complete the purchase within the WhatsApp chat thread. The hassle-free buying experience ensures that end-to-end policy purchase happens on the platform itself, right from exploring product features to accessing their policy documents.

“Customers are increasingly looking for ease and convenience in their policy buying experience. With the consumer trend towards interactivity and personalization, messaging is at the forefront of every brand’s user engagement. We believe that our WhatsApp solution will further enhance accessibility and user-friendliness of SBI General’s products," said Ravi Sundararajan, COO, Gupshup.

Apart from facilitating purchases, the WhatsApp chatbot allows for deeper insights into customer journeys and possibilities of advanced personalisation across crucial customer touchpoints. Gupshup has been instrumental as a conversational engagement platform in helping brands build engagement through seamless discovery and purchase experiences.

“With increased access to the internet across demographics, customers are willing to explore simpler and more convenient options for financial solutions. The current generation looks for simplified buying experience for complex financial products. We aim to further enhance this journey and make a wider range of simple products available in the near future. This will enable the much-required deeper insurance penetration and financial inclusion in the country," said Anand Pejawar, deputy managing director, SBI General Insurance.

For a rapidly digitising insurance sector, chatbots could be the catalysts for ushering a new era of growth for insurance companies. “The banking and insurance industry has been at the forefront of building innovative customer engagement journeys on the WhatsApp Business Platform. These solutions are making financial products and services more accessible to people across the country thus contributing to the overall financial inclusion vision. We are delighted to further strengthen our collaboration with SBI General Insurance to make insurance products more easily available for their new and existing customers," said Abhijit Bose, head of WhatsApp India.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 17 Oct 2022, 01:56 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App