Insurance is a product of need. There are many a situations in life when Insurance is just about the crucial difference you want to have on your side. Both selling and purchasing of Insurance are therefore acts that require great responsibility. India is a largely unprotected market. The protection gap is a staggering 92%. This means that out of Rs100 that is required to overcome any disadvantageous situations that arise of calamities like Death, only Rs.8 is available to public at large. This is catastrophic especially as India also has a very weak social security apparatus.
NetPaisa, enables its network to provide Insurance products to the customers thereby increasing the insurance penetration in the country