One Year since Brand Launch, Policybazaar for Business Records 40% Overall Premium Growth
2 min readGurugram: Policybazaar for Business (PBFB)*, only one yr after its launch, declares its achievements in reshaping the panorama of enterprise insurance coverage in India. In the previous yr, PBFB has demonstrated an distinctive progress trajectory, with a staggering 40% surge in total income from its suite of tailor-made insurance coverage merchandise. PBFB’s success is additional exemplified by its partnerships with over 40 main insurance coverage firms, making certain entry to a complete vary of insurance coverage options meticulously designed to safeguard companies’ pursuits.
The model has a quickly increasing consumer base exceeding 25,000, together with business giants resembling Axis, Delhivery, Quess Corp, Info Edge, Cars24, Saxo Group, Manipal Cigna, Spinny, IGT, Mahindra DIE, Celebi, and JM Baxi. These partnerships replicate PBFB’s means to cater to companies of all sizes, from startups to established companies. Notably, PBFB has witnessed important transaction progress in specialised areas resembling Marine (44%), Liability (34%), Property (59%), and Engineering (75%).
In the realm of Group Health Insurance (GHI), PBFB operates with a pointy deal with effectivity and inclusivity. Plans for startups provide as much as 65% value financial savings and versatile protection, accommodating non-traditional household buildings like live-in companions and siblings.
Sarbvir Singh, Chairman and CEO, PB Fintech, stated, “Just one yr again, we had set out on a journey to make sure that each Indian enterprise, no matter its dimension, will get complete insurance coverage protection. The thought was to assist our nation’s small companies to develop fearlessly. The exceptional progress and partnerships achieved on this brief span reaffirm our dedication to innovation and excellence.”
Sajja Praveen Chowdary, Head of Policybazaar for Business, added, “Even past the expansion metrics, PBFB maintains commendable renewal persistence charges throughout varied traces of enterprise, underscoring its dedication to long-term partnerships and consumer satisfaction. We look ahead to many extra milestones.”
PBFB’s strategic selections are guided by an esteemed advisory board comprising business luminaries resembling Shri Ajit Kumar, Shri Dinesh Waghela, Shri S Nagaraj, and Shri A V Rao, whose collective experience shapes the platform’s trajectory. The impression of PBFB’s companies transcends geographical boundaries, with high cities throughout India together with Mumbai, Gurgaon, Bengaluru, Delhi, Noida, Chennai, Pune, and Hyderabad rising as key hubs for its numerous traces of enterprise.
As Policybazaar for Business celebrates its inaugural yr, it reaffirms its dedication to revolutionizing the insurance coverage panorama for companies, pushed by innovation, integrity, and unparalleled customer support.
*”Policybazaar for Business” is a model beneath Policybazaar Insurance Brokers Private Limited.
Neel Achary
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