Vidhu Garg, VP, Term Insurance, Policybazaar.com
Vidhu Garg leads Policybazaar's term life insurance division for women and HNIs, driving segment growth, product innovation, operational efficiency, and market awareness. With over 8 years of experience at Accenture Strategy, Mastercard, and Policybazaar, she has advised clients in e-commerce, consumer goods, and fintech.
In 2024, the term insurance industry made significant progress in ensuring financial protection for everyone by addressing diverse consumer needs. New Term plans created for specific categories like women (including homemakers), NRIs, self-employed and salaried people, showcase the insurance industry’s commitment towards making term plans available to all.
The industry also expanded affordable offerings by leveraging data-driven underwriting and efficient digital platforms. Looking ahead to 2025, the focus will remain on catering to underserved segments, providing relevant features, and ensuring flexibility. These developments will be guided by evolving consumer preferences, technological advances, and supportive regulations.
