Impact of Mobile Technology on Insurance Purchase and Renewal Decisions

Insurance plays vital a role in every individual’s life because the dependents like parents, immediate family members are depending on their income now a day’s insurance policy become very transparent and digitalization and the technology has been used in making premium payment. This new insurance policy making and the process is now been available in mobile technology it has been protected by the cyber crime and will cover all damages on life insurance, property, vehicles, buildings all other general insurance schemes. After pandemic situations or COVID most of the youngsters are demises due to heart attacks and families becomes facing many issues to lead their lives. The article concludes that in COVID and after the pandemic period mobile technology has greatly influenced on purchase and making premium payment and renewal decisions for their savings and to fulfill their future needs.