How Accessible Insurance Programs are Empowering Tier 2 to 4 Cities

OneCircle Champion^TM is set to revolutionize the insurance landscape by offering a diverse range of solutions across multiple companies, catering to the unique needs of each customer.

PUNE(S.N): Aligned with the Government of India and insurance regulator’s vision of achieving “Insurance for All by 2047”, OneCircle Insurance Brokers Private Limited is introducing a network of Point of Sales Persons (PoSPs) who will be trained and certified to provide expert advice and solutions on a wide range of insurance products. These PoSPs, known as OneCircle Champion^TM, will be deployed across cities and rural areas, starting with the Pune region, to offer personalized insurance choices at the customer’s doorstep.

As a Mumbai-headquartered Direct Broker for Life & General Insurance, OneCircle Insurance Brokers will initially focus on the renewal of Truck & Car insurance, a segment where insurance penetration can be significantly enhanced due to the rapidly increasing vehicle population. By identifying and training local individuals to provide need-based advice and a comparison of relevant options to customers from various insurance companies, the Company aims to create an inclusive and impact-oriented initiative. Customers can select a policy of their choice and pay the premium directly to the insurer on their mobile phones, with the OneCircle Champion^TM assisting them throughout the process.

When purchasing or renewing insurance policies, customers often require personalized advice to understand the various technical Terms & Conditions of the policies tied to the applicable insurance premium. The PoSP offers local advice and solutions at the customer’s doorstep, utilizing suitable technology tools to provide a hassle-free, paperless, safe, and smooth experience for selecting and purchasing the most suitable insurance policy.

The OneCircle Champion^TM will leverage mobile-friendly technology to offer Truck & Car insurance solutions at competitive premiums to customers. Additionally, the OneCircle Champion^TM will support customers with their service requirements, including any claims coordination with insurance companies.

OneCircle Insurance Brokers has sold its first customer policy to Mrs. Sumitra Purohit, owner of a pick-up truck, through their OneCircle Champion^TM at Talawade, 35 kilometers from Pune.

Sumitra Purohit, the first customer of OneCircle Insurance Brokers Private Limited, expressed her satisfaction, saying, “I am delighted to become the first customer of OneCircle Insurance Brokers by renewing the insurance of our family’s pick-up truck, effective 26th January. Mr. Chintamani Chavan, OneCircle Champion^TM, provided us with excellent advice and quotations from multiple insurance companies, personally explaining each and every aspect of the options available for our insurance renewal. With such simplicity and clarity in explaining, the decision to go ahead with the insurance renewal was easy.”

Dr. Jaideep Devare, Co-Founder & Executive Chairperson, OneCircle Insurance Brokers Private Limited, stated, “OneCircle Insurance Brokers was founded with a deep desire to build a purpose-driven, profitable, and impact-oriented organization for fulfilling our Core Purpose of ‘Protecting Lives and Livelihoods through Insurance^TM‘. We aim to improve accessibility and affordability of insurance in Tiers 2-4 cities and rural India, thereby contributing to the vision of ‘Insurance for All by 2047’. Team OneCircle is committed to expanding insurance penetration through innovation and co-creation of customer-centric, affordable, and transparent insurance products and solutions.”

Richard Clement, Co-Founder, CEO & Principal Officer, OneCircle Insurance Brokers Private Limited, said, “We are thrilled to launch our Point of Sales Person (PoSP) program, called ‘OneCircle Champion^TM‘, in Pune, starting with Truck & Car Insurance. The brand ‘OneCircle Champion^TM‘ celebrates the entrepreneurial spirit of PoSPs who strive for excellence by understanding customer needs, offering the right advice and solutions, and building a strong local customer community.”

Shobhit Gandhi, Co-Founder & Chief Financial Officer, OneCircle Insurance Brokers Private Limited, added, “Our market surveys and stakeholder discussions revealed significant gaps in customer awareness of insurance providers, product options, and policy terms and conditions. At OneCircle Insurance Brokers, we aim to bridge this gap and increase insurance penetration by offering in-person advice to customers through our ‘OneCircle Champion^TM‘ using technology that is seamless, transparent, and secure for our customers.”

OneCircle Insurance Brokers plans to expand to other geographies, offering more insurance products and increasing insurance company partnerships in the next few months.