automated vending machine in insurance sector of india

Automated Vending Machine

What is Automated Vending Machine?

A ‘Vending Machine’ is

defined as a device that sells all

types of food, drink and diverse

items; in which you pay some

change and select which item you

wish for.

If we go by Answers.com, it

means a coin-operated machine to

trade products.

Where Did it all Started?During the early 1880s, the first commercial coin-operated vending

machines were introduced in London, England and dispensed post cards.

How many Country uses AVM?

Today, whole world usesAutomated Vending Machine

in one form or Another.

But Why Vending Machine?

A market site in London’s Carnaby Street selling ‘OnitSuka’ Tigers (Shoes).AVM machine has been used for Tickets, FMCG and Electronic Products too Except for Financial Products.

Business generated via AVM in India

The annual vending machine production in India will grow strongly, with machines produced annually is expected to reach 12,500 by 2013.

Sale of goods and services through vending machines are going to worth INR 48 billion by 2012.

Payment Method for LIC

Payment Method for SBI

Payment Method for ICICI

Future Model of AVM

Why to use AVM Now?

We are heading towardsStandardised Lifestyle.

But again why AVM?

We prefer to Buy Standardised food and

Vegeatable.

Recent change in Our Eating Habbits

We also prefer Canned food products now instead of Our regular full-time cooking habbits.

Comparison of AVM v/s Internet

It is easy to use an AVM.

24*7 Availability.

Easy to maintain.

No need of Expert knowledge.

Not easy to use.

Availability depends upon Network and Cost affordability.

Not that Easy to Maintain.

You need some training & knowledge to use Internet.

Technology Update in AVMOne needs to add Solar Panels for extra Battery Back up in Rural India.

It will also add extra input cost of lithium batteries

with replacement period of 1.6 year.

Note: Solar Panels have an average Life span of 25

years.

Which Village to Target for AVM?

A village with Average Population density of

5000 or more.

A village with Minimum Power supply of 8 hours,

and more for at least8-9 Months a year.

See, Think and Decide.

Do you want Consumer to be a good Listener or a

better Learner?

For Watc

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For Watc

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Wait! How can we Contact you?

Hitesh Deepak

Rathdhana ‘The Pride of India’

H.No-1268, Street 1

Pragati Nagar

Sonipat-131001

Haryana

Mob: 8816940937

deepak.hitesh@gmail.com