In the coming 2-3 years, one of the leading insurance company of the country Bajaj Allianz has decided to launch more than 4,000 virtual offices across Tier 2 and 3 cities of the country. CEO of the company stated that recently they have established 12 new offices across the pune and Bangalore and they have received good response over there.
Currently the company is having very less presence across the country, the establishments of such offices in the country will help the company to increase its reach to the customers and expand it services across the country. The concept of the virtual offices is the further extension of the tablet-based application through which the company is receiving premium payments, issues polices and also settle claim. It is crucial to expand its offices and distribution in order to increase the penetration. In addition to this proper technology is also required for the distribution.