Introduction
In this insightful conversation, we dive deep into the world of insurance with Mr. Chentan Mehta, the Chief Growth Officer of Poliboss.com. Mr. Mehta shares his journey of managing three diverse industries—Pharma, Insurance, and Jewellery—while shedding light on the critical importance of insurance. Through his experiences and expertise, he offers valuable advice on when to start buying insurance, how to avoid common mistakes, and the role of technology in shaping the future of the insurance industry.
Here’s what you’ll learn in this conversation:
💼 Managing Three Industries at Once: Discover how Mr. Chentan Mehta juggles the Pharma, Insurance, and Jewellery sectors simultaneously. Despite starting as a doctor, his passion for business led him into these diverse industries, backed by his early career experiences and family business.
🛡 When to Start Buying Insurance: Mr. Mehta emphasizes the importance of securing insurance as soon as you start working, ideally between the ages of 18 and 20, to build a financial safety net early on.
🚀 Why Insurance Matters: Insurance is like a helmet—you don’t realize its value until something goes wrong. Mr. Mehta compares this to how people often underestimate the importance of insurance until they need it.
🏠 Key Factors in Choosing Insurance: Trust in the company and the intermediary, along with selecting the right coverage, are crucial. Mr. Mehta advises comparing offers from different companies and ensuring your advisor will be supportive during claims.
📉 Common Mistakes to Avoid: Not selecting the right coverage is one of the biggest mistakes people make. Thoroughly reviewing all options and considering the advisor's reliability are essential steps.
📈 Technology's Role in Insurance: AI and machine learning are revolutionizing the industry, especially in health insurance. Mr. Mehta highlights how these technologies can assess the severity of diseases, determine treatment costs, and help set insurance pricing, ultimately benefiting consumers.
💡 Real-Life Example: In one case, Mr. Mehta sold a life insurance policy that ended up financially saving a young girl's medical career after her father's passing. This highlights how insurance can serve as a lifeline in difficult times.
To learn more, watch the full video on our channel and check out the book Standout from the Crowd by our CEO, Aryan Gupta, available on Amazon and Flipkart.
Thank you!
