Last updated on July 8th, 2023 at 11:15 pm

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Bhargav Thakkar’s Acumen Advisory Expansion Plans

• Soon Inaugurating a New 1300 Sq. Ft. office with an Inhouse Training Set up.
• Started with a Team of 9 advisors and has grown it to 81 Advisors
• Started with 5 Customers to now a portfolio of 700+ Happy Customers
• Started as a trainee and now a Trainer Mentor having trained more than 700 new advisors on Max Life Sales and IRDA Trainings.
• Have been recognized with Club Qualification more than 100+ times

The Growth Path of Bhargav Thakkar

As an Insurance Advisor, who is also known as an “Insurance ka Doctor” amongst his financial circles, Bhargav Thakkar has recently completed 17 years of his journey as a successful Health & Life Insurance advisor.

Bhargav Thakkar started his journey as a simple Insurance Advisor and now on 26th June, he would be Inaugurating his new 1300 sq. ft. office and training centre in a prominent location of Ahmedabad, in the presence of National officials on NIVA BUPA Health Insurance – CDO – Mr. Ankur Kharbanda and National Head of Developed Markets – Mr Ishwar Dutt Sharma.

The presence of such senior officials at the Inaugural function, reiterates the passion, commitment, strong collaboration and bond that Bhargav has been able to create with a national organization of such repute. Apart from Max Life Insurance and Niva Bupa Health Insurance, Bhargav Thakkar’s Acumen Advisory also has plans and policies of Bajaj Allianz General Insurance, Tata AIG General Insurance, Go Digit General Insurance, and Tata AIA Life Insurance as part of its portfolio.

Bhargav Started as a single Insurance Advisor and now has 81 advisors under his belt.  He has more than 700 customers across India.

Here are Bhargav Thakkar’s thoughts about the future of the Health and Life Insurance industry

Increasing Demand for Insurance

The demand for Health and Life Insurance in India is expected to rise significantly in the future. Factors such as growing awareness about insurance, rising healthcare costs, and increasing disposable income are likely to contribute to this demand. Additionally, the ongoing COVID-19 pandemic has highlighted the importance of insurance coverage, further driving the demand for health insurance.

Technological Advancements: Technology will play a crucial role in shaping the future of the insurance industry. The adoption of digital platforms, mobile applications, and artificial intelligence (AI) will simplify the insurance process, making it more accessible and convenient for customers. Insurance companies are likely to emerge, offering innovative solutions such as personalized policies, real-time risk assessment, and improved customer service through automation.

Customization and Personalization

With advancements in data analytics and AI, insurance companies will have the ability to gather and analyze vast amounts of customer data. This will enable them to offer more personalized and customized insurance products tailored to individual needs. Customers can expect policies that align closely with their health conditions, lifestyles, and preferences.

Emphasis on Preventive Health:

There will be a shift towards preventive health measures, and insurance companies may encourage policyholders to adopt healthier lifestyles. Insurers could offer incentives such as lower premiums, rewards, or discounts for policyholders who engage in activities that promote wellness, such as regular exercise, healthy eating habits, and preventive screenings.

Integration of HealthTech: Health technology or HealthTech innovations are likely to integrate with insurance services. Wearable devices, telemedicine platforms, and health monitoring apps may become more commonplace, allowing insurers to collect real-time health data and offer personalized policies based on individual health metrics.

Rise of Microinsurance: Microinsurance, which provides coverage to low-income individuals and families, is expected to gain traction in India. Insurers may introduce affordable and easily accessible insurance products targeted at underserved segments of the population, thereby promoting financial inclusion and social security.

Regulatory Reforms

The Insurance Regulatory and Development Authority of India (IRDAI) is likely to introduce reforms and regulations to foster innovation, customer-centricity, and transparency in the insurance industry. These reforms may focus on streamlining processes, protecting customer interests, and ensuring sustainable growth of the sector.

Services Provided by Bhargav Thakkar’s Acumen Advisory

General Insurance

• Health Insurance
• Personal Accident
• Vehicle Insurance
• Home Insurance
• Fire Insurance
• Travel Insurance
• Cyber Security
• Group Insurance
• WC Insurance

LIFE INSURANCE

• Term Insurance
• Ulip Insurance
• Retirement Plan
• Child Education
• Guaranteed Return Plan

MUTUAL FUNDS

BONDS

FIXED INCOME

TAXATION PLANNING

FINANCIAL PLANNING

Yet, The actual future of the Health and Life Insurance industry in India may differ from these projections, as it is influenced by various external factors, market dynamics, and regulatory changes.