InsuranceDekho has significantly expanded its agent partner network, adding over 95,000 new agent partners in the past year. This marks a 92% year-on-year growth, bringing the total number of agents to 2.2 lakh as of December 2024.
With this rapid expansion, InsuranceDekho now operates across 99% of India’s pin codes, with 86% of its agents based in Tier 2 and Tier 3 cities. The company has made remarkable inroads into smaller towns like Sikdar (Rajasthan), Krishnanagar (West Bengal), Zunheboto (Nagaland), and Muzaffarnagar (Uttar Pradesh). Additionally, its reach extends to some of India’s most remote regions, including Lahaul-Spiti (Himachal Pradesh) and Serchhip (Mizoram), reinforcing its mission to make insurance accessible nationwide.
Pankaj Goenka, Vice President and Head of B2B2C at InsuranceDekho, highlighted the significance of this expansion, 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.”
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By leveraging cutting-edge technology, InsuranceDekho offers a diverse portfolio of over 720 insurance plans from 49 insurers, ensuring a seamless and accessible digital experience for customers.
The company’s impressive financial growth further reflects its success. As of March 2024, InsuranceDekho’s annual premium run rate surged to INR 3,300 crore, nearly doubling year-over-year. Looking ahead, the company aims to expand its reach to 6 lakh villages, reinforcing its role in job creation and financial empowerment in rural India.
This milestone marks not just business expansion but a transformative step toward bridging the insurance gap and ensuring financial security for millions across India.
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