Product levels of Insurance sector


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Level Type  of  service Contents Insurance sector
1 Core service Basic service product
  • Life
  • Non-life insurance policy
2 Expected service Basic product and minimum purchase conditions that must be met.
  • After sales service
  • Low claim settling period.
3 Augmented service Something different, which enables one product to be differentiated from other
  • Technology
  • Online premium payment
  • Payment through credit cards
  • Standing instruction to bank
4 Potential service Features that attract the customers and are useful to them.
  • Maturity claims settled on or before the maturity date.
  • Loans

 


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