InsuranceDekho expands network by 92%
InsuranceDekho, India’s fastest-growing Insurtech platform, today announced a remarkable expansion in its agent partner network. In the past one year, the company has onboarded more than 95K new agent partners, reflecting a 92 % year-on-year surge in its partner network, now totaling 2,20K Dec 2024
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Mumbai, Feb 25: InsuranceDekho, India’s fastest-growing Insurtech platform, today announced a remarkable expansion in its agent partner network. In the past one year, the company has onboarded more than 95K new agent partners, reflecting a 92 % year-on-year surge in its partner network, now totaling 2,20K Dec 2024.
This aggressive growth has enabled InsuranceDekho to extend its reach to 99% of the country’s pin codes, with an impressive 86% of its agents operating in Tier 2 and Tier 3 cities.
The company's expansion is particularly evident in Tier 3 towns such as Sikdar in Rajasthan, Krishnanagar in West Bengal, Zunheboto in Nagaland, and Muzaffarnagar in Uttar Pradesh. It has even reached some of the country's most remote regions, including Lahaul-Spiti in Himachal Pradesh and Serchhip in Mizoram, showcasing its commitment to providing insurance services to every corner of the nation.
Pankaj Goenka, Vice President and Head of B2B2C at InsuranceDekho, commented on this achievement, stating, “The remarkable expansion of our agent network reflects our dedication to making insurance accessible to every corner of the country. By reaching 99% of India’s pin codes, we are addressing critical gaps in accessibility and bringing financial protection closer to underserved communities. This milestone is not just about numbers; it represents our commitment to empowering individuals and families at the last mile with reliable insurance solutions. The resulting growth in our premium run rate further underscores the impact of our efforts, reinforcing our role as a trusted enabler in the insurance ecosystem.”
Driven by a tech-first approach, InsuranceDekho’s platform offers a diverse range of over 720 insurance plans from 49 insurers, providing comprehensive options for every customer. This wide range of choices, combined with the platform’s seamless digital experience, has contributed to the company’s stellar financial growth.
As of March 2024, InsuranceDekho’s annual premium run rate hit INR 3,300 crore, nearly doubling from the previous year. Further, its ambitious vision includes expanding its footprint to 6 lakh villages, reinforcing its role as a catalyst for job creation and financial inclusion in rural India.
This expansion is not just about growth but about empowering individuals and businesses across the country by making insurance accessible to all.
