Will cross 300 CR ARR in Premium this fiscal
Hyderabad, 11 Might 2022: In 8 months insurejoy.com has grown 5X with over 100 merchandise provided by 30+ insurance coverage companions. The corporate has created a big presence in 80 cities, with 800+ workers and can also be recruiting a big drive of Level of Gross sales brokers, to take insurance coverage to Bharat.
insurejoy.com is the Life insurance-focused one-stop answer in India. Whereas many of the different insurtech gamers focus primarily on the Motor enterprise, insurejoy.com has taken the more durable however extra profitable route of Life Insurance coverage. insurejoy.com does greater than 70% of its premiums via Life Insurance coverage whereas, different gamers have lower than 10% Life insurance coverage of their enterprise portfolio.
There was an uptake during the last 2 years as a result of COVID, India continues to be some of the underinsured and weak markets on the planet.
Arvind Shivhare, Co-Founder & CEO, insurejoy.com, stated, “India has one of many highest mortality safety gaps. Solely 17 out of 100 individuals have the distinction between the quilt sometimes required by a household and the assets they’ve obtainable, ought to a wage-earner move away immediately. So as to add to it, India has the best ratio of dependents per household. In contrast to most different insurtech gamers which might be centered on the commoditized common insurance coverage phase, insurejoy is concentrated on fixing for all times insurance coverage in India”.
About insurejoy.com
insurejoy.com is an Insurtech platform managed & operated by Insuregram Insurance coverage Brokers Non-public Restricted, a registered Direct Insurance coverage Dealer (Life & Normal) with the Insurance coverage Regulatory and Growth Authority of India (“IRDAI”). Targeted on taking insurance coverage to the massive & underserved addressable inhabitants in India. insurejoy.com desires to rework the best way insurance coverage has been distributed within the nation. Based in August 2021, insurejoy.com is now one of many fastest-growing insurtech corporations in India, with a presence in 13 states and over 80 cities.
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