How can a cashless economy help Insurance?

"Cash is King". We have grown up on this adage. Unfortunately (or fortunately) the recent developments in the country have turned this concept on its head. We as a country are promoting a "cashless" environment and it is inevitable that during the coming years, our economy will move towards this reality. Take a look at how the macros stack up? A nation of 1.2 billion, GDP growing at 7% and a country which is embracing technology across domains. India is at the cusp of a digital revolution and it is important that we accelerate the pace towards a non physical mode of transaction.