Policybazaar.com Group holds India's leading insurtech brand, PolicyBazaar.com, India's leading lending marketplace, PaisaBazaar.com, newly launched healthtech platform, docprime.com, and its first overseas fintech venture, Policybazaar.ae.
The group's flagship brand, PolicyBazaar.com started with a purpose to educate people on insurance products and has had a significant influence on how insurance is bought in India. It has helped in driving penetration of pure life insurance, health insurance, and such products which were barely bought earlier.
From receiving traffic of 180,000 visitors in 2008, PolicyBazaar.com has come a long way and today hosts over 100 million visitors yearly and records sale of nearly 300,000 transactions a month. Currently, PolicyBazaar.com accounts for nearly 25% of Indiaâ€™s life cover, and over 7% of Indiaâ€™s retail health business. It accounts for roughly half of all internet based insurance purchase in the country and is more than doubling annually.
Policybazaar.ae is Policybazaar Group's first overseas venture and is an online financial products marketplace, aimed at becoming a one-stop shop for consumers personal finance needs in the UAE market. Policybazaar.ae currently partners with more than 10 partners across lending and insurance categories with 50+ products on offer.
The parent company has backing from a host of marquee investors including the likes of Softbank, Temasek, Tiger Global Management, True North, InfoEdge (Naukri.com), Premji Invest, besides investments from other PE funds and family offices.