Lord’s Mark Insurance Broking Policy King is already in talks with some of the leading insurance companies to formalize collaboration with them to launch life and general insurance products on their platform. policy king Which can be downloaded and installed on smartphones and iPhones, will facilitate its customers to compare all available insurance offers apart from help and expert guidance to choose the right life insurance, term life insurance, health insurance, motor insurance etc. . Policy King will work. On an innovative operating model that is based on a traditional insurance delivery framework as well as a digital customer acquisition and engagement system.
In a competitive market scenario dominated by online insurance markets, Lords Mark Insurance Broking aims to gain an edge by introducing one of its kind service to its health insurance clients which will take care of the hassle of hospital transport, paperwork. Doctor consultation, claim settlement, etc. Available exclusively to Policy King customers, the complimentary service can be accessed with a helpline number.
With Policy King, Lord’s Mark Insurance Broking will foray into the under-served market segment in Tier-II and Tier-III cities of the country besides catering to clients in metro cities. The company plans to achieve 10,000 insurance customers by FY 2013. As a part of the growth strategy, Lord’s Mark Insurance Broking will develop a pan-India insurance franchise network and cover over 5,000 insurance advisors across India by December 2022.
To lead and execute the expansion plan, the company has strengthened its leadership team by appointing senior executives from some of the top insurance companies. Apart from exploring growth opportunities, Lord’s Mark Industries is also looking for on-board strategic investors to enhance market penetration.
Commenting on the insurance campaign, Sachidanand Upadhyay, Founder, Lord’s Mark Industries, said, “The low penetration of Indian insurance and the growing awareness of life and non-life insurance present huge opportunities for growth and service delivery innovations. Combining traditional and technology-leading approach, our uniquely designed insurance platform aims to make insurance shopping convenient and hassle-free. Our complementary health insurance support service will disrupt the traditional insurance delivery system and redefine customer service standards.