I'm not sure where to start on this one, with a photocopier joke perhaps? Or, that the expanded sales channel may move to the fax machine next?
Joking aside, it's really great to see this - distribution is King still. Get close to where your customers are. And, if that means a photocopier, why not? Links back to an agent if you need to speak to someone via telephone (not video?) and you can pay at the cashier. You can also pre-do much of this in advance, just not sure why you wouldn't do it all in advance.
We have seen similar approaches before for liability products such as Travel Insurance Kiosks at Airports, but the first time we have seen this for Life Insurance.
What do you think. Would you buy insurance like this?
Seven-Eleven Japan Co. said Monday it will start selling life insurance at its over 20,000 outlets nationwide, the first such case at a convenience store, as the need for contactless sales grow due to the new coronavirus pandemic.
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