Indian life insurer , Apollo Munich , has developed an app that reduces the time taken to issue a policy from as much as fourteen days to about ten days . Ampower enables agents to process applications on mobile devices , submitting details of identification and address with scanned credentials and substituting a physical signature with a one - time password sent to the client ’s mobile phone . “In terms of agent productivity figures, our focus this year has been year to drive adoption and usage. Apollo Munich plans to double the number of agents using the app to 7,000 by the end of the year , and to grow new business by 65 - 75 % .
Indian life insurer , Apollo Munich , has developed an app that reduces the time taken to issue a policy from as much as fourteen days to about ten days . Ampower enables agents to process applications on mobile devices , submitting details of identification and address with scanned credentials and substituting a physical signature with a one - time password sent to the client ’s mobile phone . Apollo Munich plans to double the number of agents using the app to 7,000 by the end of the year , and to grow new business by 65 - 75 % .