MicroNsure opens new corporate office in Hyd
The startup has moved from a 100 sq feet office to a 6,000 sft corporate office
image for illustrative purpose
Hyderabad: MicroNsure Consultancy Private Limited, a city-based technology-led microinsurance distribution company recently inaugurated its new corporate office at Madhapur in Hyderabad.
Jayesh Ranjan, Principal Secretary, Industries, Commerce and Information Technology, Government of Telangana inaugurated the office. The company is the winner of the Best Fintech (Insurance) Startup at National Startup India Awards 2022.
Ranjan congratulated the employees of MicroNsure on the occasion. While addressing the gathering, he said, “Microinsurance market in India and across the world has a great potential.” He also appreciated MicroNsure’s business model, need-based sustainable products and use of technology to achieve its goal of bringing inclusive insurance.
The Principal Secretary further said that he can relate to MicroNsure’s value proposition as his journey also started with working on welfare project for underprivileged brick kiln workers.
Kamalakar Sai Palavasa, Group CEO of MicroNsure, thanked the dignitaries for their presence. “Within a short span of three years MicroNsure moved from a 100 sq feet office to a 6,000 sft new corporate office, it shows our focus on growth in the right direction.”
While conveying his future vision for MicroNsure Kamalakar said that the startup aims to expand its reach to other States and service customers across India and help socio-economically vulnerable sections of the society to achieve financial security and secure their future in case of unforeseen events.
K Subrahmanyam, Consultant Actuary, KN Actuaries and Consultants, and Dr P Nandagopal, Founder, Upsure Inc were amongst the other dignitaries present at the event.
