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 topic fits the UPSC syllabus through financial inclusion, digital public infrastructure, and the economics of service delivery. It can support questions on how technology reduces costs in insurance markets and how affordability affects access to risk protection.
Key exam linkages
The concept is relevant to the broader policy debate on expanding insurance coverage in India. Lower acquisition costs can matter in a market where many households remain under-insured and where price sensitivity shapes uptake of term life insurance.
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