InsuranceDekho companions with LIC to supply its merchandise

NEW DELHI: InsuranceDekhO on Friday introduced a strategic partnership with Life Insurance Corp. of India (LIC) which can permit it to supply LIC merchandise to its prospects on its platform pan-India.

Ankit Agrawal, CEO, and co-founder, InsuranceDekho, mentioned, “We are delighted to companion with the most important insurance coverage firm in India – LIC. This partnership will permit us to attain our purpose of democratizing insurance coverage and making it accessible to everybody regardless of the geographic or class divide. LIC is India’s most trusted insurance coverage supplier and by becoming a member of arms with them, our imaginative and prescient of building 100% penetration within the remotest cities of the nation will turn into simpler to manifest. We will leverage the most effective know-how, POSP companion practices, and innovation to set new heroic benchmarks for our companions, insurance coverage advisors and prospects.”

Since its institution, InsuranceDekho has grown considerably and is heading in the right direction to finish this fiscal yr at ₹3,000 crore annualized premium run-rate. It is current in additional than 1,300 cities, protecting 93% of pin codes in India and is engaged on protecting the remaining locations quickly. 10 Indians purchase a coverage from InsuranceDekho each minute presently.

InsuranceDekho has 330+ merchandise from 45 insurers reside on its platform. The partnership with LIC would allow InsuranceDekho to supply the whole gamut of insurance coverage options to its prospects all through the nation.

Jayant Kumar Arora, regional supervisor (MBAC), LIC, mentioned, “We are excited to hitch arms with the main Insurtech firm of India – InsuranceDekho. Both organizations share the frequent imaginative and prescient of insuring each Indian. With this partnership, we plan to leverage InsuranceDekho’s know-how & analytics to additional increase our buyer base and supply best-in-class companies to all prospects.”

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