As the trend of mobile banking seems to be catching, now Insurance Regulatory and Development Authority (IRDA) has passed a new initiative where policy holders will be able to receive their vehicle insurance details via SMS on their mobile. Earlier IRDA had directed insurance companies to launch e-policies to save costs and make the process simpler. This new step will give a boost to the usage of Bulk SMS Services (KAPSYSTEM) in India.
To enable this service, IRDA will be maintaining an online database of all vehicle insurance policies which would be updated on regular basis. Bulk SMS gateway bring good news for policy holder as they will no longer have to carry a hard copy of the insurance papers and they can get instant information about their policy details in case of an accident.
Through this system, anyone can get details of a vehicle’s insurance policy simply has to message the registration number of the vehicle to a telephone number. This number would be connected to the database and would instantly send all policy details via SMS on the mobile.
Bulk SMS tool is simple and uncomplicated and would great empower to consumer. Now Insurance companies are employing BULK SMS gateway in their system.
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