Are insurtech users compromising on their data privacy for convenience?

Are insurtech users compromising on their data privacy for convenience

“Let’s chat insurance,” prompts the chatbot of an emerging insurtech, offering bite-sized, customized insurance plans. In return, the user must provide certain personal information like Aadhaar number and medical prescriptions. The insurtech assures it will match the user with the right insurer, negotiate the premium and present a seamless claim management process. The user skims through the FAQs, the policy and submits the information, at the click of a button. Indeed this is the tech-savvy, millennial-friendly, “ideal” insurance world. The user then stumbles on the T&C (terms and conditions) and privacy policy, stops for a moment and, finally, decides to save time.

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