GS2The Hindu · Editorial
Cost effective (subheading/callout within term life insurance article)
The callout says digital underwriting and distribution can lower servicing and acquisition costs in term life insurance, improving affordability.
SP
Samachar Pathshala Desk
Published 13 Jul 2026 · 1 min
Key takeaways
- Term life insurance provides life cover for a fixed term and is often used as a basic risk-protection product.
- Digital underwriting uses technology to assess applicants and process policy issuance more efficiently than manual methods.
- Digital distribution can lower customer acquisition costs by using online channels instead of only traditional agent networks.
What happened
A visual callout linked to a term life insurance article uses the label "COST EFFECTIVE". The message is that digital underwriting and digital distribution can reduce servicing and acquisition costs, which can improve pricing efficiency and make term life insurance more affordable.
Why it matters for UPSC
The UPSC angle
GS2GS3
Insurance affordability through technology
UPSC may ask how digital underwriting, platform-based distribution, and lower servicing costs can expand access to term life insurance while raising concerns about exclusion, consumer protection, and data use.
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