Policybazaar launches platform for corporate insurance needs
Policybazaar Insurance Brokers Private Limited launched Policybazaar for Business, a brand targeted at the corporate insurance market worth Rs 80,000 crore
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Hyderabad Policybazaar Insurance Brokers Private Limited launched Policybazaar for Business, a brand targeted at the corporate insurance market worth Rs 80,000 crore
Business Insurance penetration in India is very low, merely 15 per cent. This is symbolic of a huge need gap for India’s 6.3 crore businesses. In the post-Covid world, the need for a business to protect itself as well as its employees against eventualities is undeniable. Keeping this in mind, the brand has worked closely with its clients to further enhance its expertise and technology. This has led to the formation of its new brand, “Policybazaar for Business”, the company said.
"Corporates are the drivers of the Indian economy and every company needs to have adequate insurance coverage. The world is becoming increasingly complex and expertise is needed to evaluate risks and recommend solutions. Policybazaar for Business will take upon this role and thus empower Indian businesses to deal with all kinds of uncertainties," said Sarbvir Singh, Joint Group CEO of Policybazaar for Business.
Sajja Praveen Chowdary, Head, Policybazaar for Business, added, “Policybazaar for Business is the natural next step we needed to take on the corporate and SME front. The past two years have witnessed tremendous growth in business insurance. The new identity is our way of making our commitment to the clients ever stronger than before.”
