Page 34 - Insurance Times December 2018

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Nearly 46 crore population have become internet savvy Literature Review
which is driving the entire payment behavior and hence we
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 S. Britto Ramesh Kumar (2010) in his topic "An
see huge spike on digital payments.
Architecture For Secure Mobile Payment System Using
Public Key Infrastructure" opined that the success of
Objectives of the study proposed architecture is dependent on Multi-factor
 To understand the impact of Digital Payments in India authentication scheme and End-to-end data
in Life Insurance Space security which is vital for Digital Payments revolution
 To suggest measures in improving Digital Payment to take off.
Revolution  Sanjay Mathur(2012) in his topic named "Customer
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 To comprehend future trends in Digital Payments Relationship Management and Digital Payments In
Developing Countries" was studying about various
Design/Methodology/Approach aspects of Digital Payments and also recommended
steps to be taken to ensure data security and privacy.
This paper is descriptive in nature which aims to understand 3
the impact of Digital Payments on the overall business of  N. Chitra Kiran (2013) in topic "Design And
Life Insurance Industry. Development of Process Oriented Business Transaction
for Mobile Commerce" discussed about the
fundamentals of mobile commerce and its various
Related review of literature is structured around the key
aspects with respect to process oriented architecture,
components of Digital Payments and future trends in
encompasses issues in wireless network with respect to
premium payments.
mobile payment systems. r presented a novel approach
of process oriented architecture for secure mobile
Limitations
commerce framework using uniquely designed hybrid
 Limited time to review the future trends in Digital mobile adhoc routing protocols using reactive and
Payments proactive type in real time test-bed

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 Measures adopted by Insurance Companies are fast  Himaghna Dey Sarkar (2018) in article "Digital
changing and dynamic. Payments In India: Current Challenges And Growth
 Research is limited to reviewing literature and best Prospects" opined that the Indian economy continues
practices in Indian Life Insurance Industry. to be heavily reliant on cash and Digital payment

34 The Insurance Times, December 2018