PolicyBazaar: Transforming Insurance Buying and Empowering Consumers
PolicyBazaar is a leading online insurance marketplace in India that has experienced remarkable success since its inception. The company was founded in 2008 by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar with the vision of making insurance accessible and affordable to the masses.
PolicyBazaar introduced a disruptive model by providing an online platform where customers could compare and purchase insurance policies from various insurance providers. This innovative approach transformed the traditional insurance buying process and empowered customers with transparency and choice.
One of the key factors contributing to PolicyBazaar’s success is its focus on customer-centricity. The platform offers a user-friendly interface, simplified policy comparisons, and personalized recommendations based on individual needs. By leveraging technology and data analytics, PolicyBazaar streamlines the insurance buying process, saving time and effort for customers.
The company’s success can also be attributed to its extensive product portfolio. PolicyBazaar offers a wide range of insurance policies, including life insurance, health insurance, car insurance, and more. This comprehensive selection allows customers to find the coverage that best suits their requirements.
PolicyBazaar’s success is reflected in its rapid growth and market dominance. Over the years, the company has expanded its customer base and partnered with numerous insurance providers to offer a diverse range of policies. It has also attracted significant investments from renowned investors, further fueling its growth trajectory.
Furthermore, PolicyBazaar’s marketing strategies have played a crucial role in its success. The company has employed various channels, including digital marketing, television commercials, and strategic partnerships, to create brand awareness and reach a wider audience. Its memorable advertising campaigns and brand ambassadors have helped establish PolicyBazaar as a trusted and recognizable name in the insurance industry.
As a result of its relentless focus on customer satisfaction, technological innovation, and strategic partnerships, PolicyBazaar has emerged as a market leader in the Indian insurance sector. Its success story serves as an inspiration for other companies in the insurtech space and demonstrates the transformative potential of leveraging technology to revolutionize traditional industries.
PolicyBazaar - Company Highlights
| Startup Name | PolicyBazaar |
|---|---|
| Headquarters | Gurugram |
| Founder | Yashish Dahiya, Alok Bansal, Manjoy Sharma, Tarun Mathur and Avaneesh Nirjar |
| Sector | Fintech |
| Founded | 2008 |
| Revenue | $125.89 mn (Rs 957 crores in FY21) |
| Funding | $780 mn (December 2021) |
| Valuation | $7.27+ billion (November 2021) |
| Parent Organization | EtechAces Marketing and Consulting |
| Website | policybazaar.com |
Table of Contents
PolicyBazaar – About
PolicyBazaar – Products
PolicyBazaar – How does it work?
PolicyBazaar – Industry Details
PolicyBazaar – Founders and Team
PolicyBazaar – The Idea and Starting Up
PolicyBazaar – Name, Tagline, and Logo
PolicyBazaar – Mission and Vision
PolicyBazaar – Business Model
PolicyBazaar – Revenue Model
PolicyBazaar – Funding and Investors
PolicyBazaar – IPO
PolicyBazaar – Growth and Revenue
PolicyBazaar – Challenges
PolicyBazaar – Competitors
PolicyBazaar – Business Partners
PolicyBazaar – Awards and Recognition
PolicyBazaar – Future Plans
PolicyBazaar - About
PolicyBazaar is India’s largest online insurance marketplace, offering a wide range of insurance products and services. It was founded in 2008 with the aim of simplifying the insurance buying process for individuals and businesses. With its user-friendly platform, PolicyBazaar allows customers to compare and purchase insurance policies from various insurance providers. The company provides insurance solutions in categories such as life insurance, health insurance, car insurance, two-wheeler insurance, travel insurance, and more. PolicyBazaar has revolutionized the insurance industry in India by making it more transparent, convenient, and accessible to millions of people.
PolicyBazaar - Products
The main PolicyBazaar products include:
- Policybazaar car insurance
- Policybazaar health insurance
- Policybazaar term insurance
- Policybazaar investment plan
- Policybazaar travel insurance
- Policybazaar 2 wheeler insurance
- Policybazaar family health insurance
- Policybazaar saral jeevan bima
- Policybazaar child savings plan
- Policybazaar guaranteed return plan
- Policybazaar retirement plan
- Policybazaar group health insurance
- Policybazaar 1 cr health insurance
PolicyBazaar - How does it work?
PolicyBazaar is a comprehensive insurance marketplace catering to all your insurance needs. With over 250 insurance plans and 50 insurance brands, it offers a wide range of options for life insurance, health insurance, car insurance, travel insurance, and group insurance. The platform allows visitors to compare and purchase insurance plans effortlessly, ensuring a seamless experience.
To enhance customer satisfaction, PolicyBazaar continually introduces new features and technology. The ‘My Account’ feature enables customers to easily access policies, seek clarifications, raise tickets, and upgrade policies. The adoption of Amazon Polly and the development of PBee, an in-house AI chatbot, further enhance customer service.
In 2015, PolicyBazaar launched its mobile app, available on both Android and iOS platforms. The app not only facilitates insurance search, comparison, and purchase but also offers additional features like hospital and garage locators, insurance premium calculator, instant policy renewal, claim assistance, and more.
PolicyBazaar - Industry Details
Untapped Potential: Expanding Insurance Reach in India
The Fintech market in India is projected to reach a staggering US$2.4 billion by 2021, according to NASSCOM. Similarly, the insurance industry is poised to hit the $280 billion mark by the same year. However, despite these promising figures, a significant portion of the Indian population remains uninsured.
With an insurance penetration rate of only 3.69% in 2017, there is a vast untapped market for insurance services in India. Many individuals and businesses are yet to secure adequate coverage, presenting an opportunity for companies to expand their reach and cater to this under-served segment.
By leveraging technology and innovative solutions, insurance providers can bridge the gap and make insurance more accessible and affordable for the masses. The potential for growth in the insurance sector is immense, and it calls for strategic initiatives to educate, engage, and empower the Indian population towards embracing insurance as a crucial aspect of financial planning and risk management.
PolicyBazaar - Founders and Team
PolicyBazaar, founded in June 2008, was established by Yashish Dahiya, Alok Bansal, Avaneesh Nirjar, Tarun Mathur, Manoj Sharma, and Sharat Dhall.
Yashish Dahiya: Yashish Dahiya, the founder and ex-CEO of PolicyBazaar, is a distinguished entrepreneur. He holds a Bachelor’s Degree in Engineering from IIT Delhi, a Post Graduate Diploma in Management from IIM Ahmedabad, and an MBA from INSEAD. Prior to PolicyBazaar, Yashish had a successful career, including roles at Bain & Company and ebookers.com. He is also the founder of paisabazaar.com.
Sarbvir Singh: Sarbvir Singh currently serves as the CEO of PolicyBazaar. He was previously the Managing Partner at WaterBridge Ventures and has a diverse professional background, with experience at companies like Emerson Electric, Citi Bank, HomeShop 18, Network 18, and JP Morgan Private Equity Group. Sarbvir also co-founded Hercules Capital.
Alok Bansal: Alok Bansal, a co-founder and director of PolicyBazaar, is an alumnus of IIM Kolkata. He has held various finance-related positions, including finance director at First Europa, senior Manager – Corp Strategy at Mahindra & Mahindra, and business manager at iGate Global Solutions.
Avaneesh Nirjar: Avaneesh Nirjar, another co-founder of PolicyBazaar, is an alumnus of IIT Kharagpur and holds an MBA from Birla Institute of Technology. Before joining PolicyBazaar, he gained experience working with companies like Marico Industries, AT&T India, GE Capital International Services, HeroITES, Cendant ISO, and First Europa.
Tarun Mathur: Tarun Mathur, co-founder and CBO of PolicyBazaar, has a background in technology and management. He has a BIT from IGNOU and previous work experience at HeroITES and FE Global Technology.
Manoj Sharma: Manoj Sharma, a co-founder and Director of Finance at PolicyBazaar, is an alumnus of the Institute of Chartered Accountants of India. He has worked with companies like Ericsson Indian Pvt. Ltd., Fiamm Minda Automotive Pvt. Ltd., First Europa, and Anand Nishikawa.
Sharat Dhall: Sharat Dhall serves as the COO of PolicyBazaar. He has a wealth of experience in the travel and e-commerce industry, having held leadership positions at Yatra Online Pvt. Ltd., Hindustan Liver Limited, Indiatimes.com, Expedia, and TripAdvisor. He is also an Advisory Board Member at CreditEnable.
The PolicyBazaar team comprises approximately 5,000 employees, with plans to expand the workforce to around 6,000 employees, mainly in the customer support function, as per Yashish Dahiya’s statement in 2019.
PolicyBazaar Shareholding
PolicyBazaar has a diverse group of shareholders, with Softbank being the largest owner of shares, holding over 15% of the company’s shares. Other major shareholders include Makeshift, Infoedge, and Tencent. The founder and group CEO, Yashish Dahiya, also holds a significant stake in the company, with over 4% of the stocks.
In June 2022, Yashish Dahiya decided to sell 37,69,471 equity shares, which led to a sharp decline in the share prices. The announcement caused the shares of PolicyBazaar’s parent company, PB Fintech, to drop by more than 13% on June 7, 2022. However, Yashish Dahiya’s ownership of PB Fintech has increased over time, reaching around 5.98% by October 2022, according to the company’s filings.
PolicyBazaar - The Idea and Starting Up
The Birth of PolicyBazaar: A Response to Insurance Mis-Selling
The inception of PolicyBazaar can be traced back to a personal experience of Yashish Dahiya, the founder and owner of the company. It all began when Yashish was reviewing financial documents with his father and noticed certain irregularities. Upon closer examination, it became evident that his father had been deceived by insurance agents, resulting in the loss of several lakh rupees. Although the transactions appeared legitimate at first glance, a deeper investigation revealed the truth.
This incident ignited a realization within Yashish about the prevalence of insurance mis-selling and the need for a trustworthy platform that empowers consumers with accurate information. Motivated by his father’s unfortunate experience, Yashish took it upon himself to address this issue and founded PolicyBazaar. With a team of just 14 dedicated individuals, the company embarked on a mission to provide transparency and fairness in the insurance industry.
Driven by the desire to protect individuals from falling victim to mis-selling practices, Yashish Dahiya’s personal encounter became the catalyst for the creation of PolicyBazaar. Today, the company stands as a leading platform that empowers customers to make informed decisions about their insurance needs, revolutionizing the way insurance is bought and sold in India.
PolicyBazaar - Name, Tagline, and Logo
PolicyBazaar Logo: An Innovative Blend of Brand Name and Tagline
The logo of PolicyBazaar ingeniously combines the essence of the brand name and its tagline, creating a visually appealing representation. The primary focus of the logo is the brand name “policybazaar,” displayed in a bold and prominent font. However, what makes the logo unique is the incorporation of a clever play on words.
The logo features a blue circle, symbolizing the “dot com” element, which represents the digital nature of the platform. Within this circle, the text “com” is elegantly placed, subtly signifying the online presence of PolicyBazaar. This clever visual representation emphasizes the company’s identity as an online marketplace.
Additionally, the logo incorporates the company’s tagline, “Compare.Buy.Save,” further reinforcing its core value proposition. This inclusion serves as a visual reminder of PolicyBazaar’s commitment to helping customers compare insurance policies, make informed buying decisions, and save money.
Overall, the PolicyBazaar logo effectively combines the brand name, tagline, and a creative representation of the online nature of the platform, reflecting the company’s mission and vision.
PolicyBazaar - Mission and Vision
PolicyBazaar’s mission is to construct a safety net for households in India, while their
vision is to witness a healthy and well-protected India.
PolicyBazaar - Business Model
PolicyBazaar.com is an insurance aggregator platform that empowers customers to research and compare various insurance policies within a specific category. By operating on both the B2C and B2B models, PolicyBazaar facilitates informed decision-making for policy selection.
Through strategic partnerships with insurance brokers, the company gathers crucial information, including price, benefits, and coverage, directly from the brokers. This enables customers to compare different options and select the most suitable policy. Notably, PolicyBazaar provides this service to customers free of charge.
PolicyBazaar - Revenue Model
PolicyBazaar generates revenue through lead generation for insurers, advertising, and policy sales. Initially, until 2011, 85% of its revenue was derived from lead generation and advertising, with the remaining 15% coming from policy sales. However, the revenue model has evolved, and currently, 85% of the revenue is generated from e-commerce and policy sales.
PolicyBazaar - Funding and Investors
PolicyBazaar has successfully secured more than $780 million in funding through 14 rounds from 22 investors. In its latest funding round on October 4, 2021, the company raised approximately $13.4 million (Rs 99.9 crores) from its parent company, PB Fintech, just prior to its upcoming IPO. This funding round came after a gap of 6 months since the company’s previous private equity round in March 2021, where $75 million was raised. As of November 2021, PolicyBazaar is valued at over $7.27 billion.
Here is a table summarizing the key funding rounds and investors:
| Date | Stage | Funding Amount | Investor |
|---|---|---|---|
| October 4, 2021 | – | $13.4 Million | PB Fintech |
| March 17, 2021 | Private Equity Round | $75 Million | Falcon Edge Capital |
| March 3, 2021 | Secondary Market | $45 Million | True North & Angel Investors |
| November 23, 2020 | Secondary Market | $20 Million | True North |
| July 7, 2020 | Secondary Market | $80 Million | Softbank Vision Fund |
| July 7, 2020 | Series H | $50 Million | Softbank Vision Fund |
| November 11, 2019 | Series G | $150 Million | Tencent Holdings |
| May 1, 2018 | Series F | $200 Million | Softbank and InfoEdge(India) |
| October 13, 2017 | Series E | $77 Million | Temasek, Tiger Global Management, Premji Invest, Info Edge(India) Ltd, and other undisclosed investors |
| April 15, 2015 | Series D | $40 Million | PremjiInvest, Tiger Global Management, Ribbit Capital, Steadview Capital, ABG Capital |
| May 26, 2014 | Series C | $20 Million | Tiger Global Management |
| April 2013 | Series B | $5 Million | Inventus Capital Partners, Info Edge, and Intel Capital |
| March 2013 | Series A | $4.6 Million | Intel Capital and Inventus Capital Partners |
| May 2011 | Venture Round | Undisclosed | Intel Capital |
PolicyBazaar - IPO
PolicyBazaar had planned to launch its IPO in August 2021 and had filed its Draft Red Herring Prospectus with SEBI. The filing indicated that the company aimed to raise approximately Rs 6,017.5 crores, including a fresh issue of shares worth Rs 3,750 crores and an offer for the sale of shares worth Rs 2,267.5 crores by existing shareholders. Additionally, the company expressed the possibility of raising up to Rs 750 crores before going public.
However, the IPO did not materialize in August. On September 24th, PolicyBazaar held a meeting with its board of directors, who approved the allotment of 20,20,202 equity shares of Policybazaar Insurance Brokers to its parent company, PB Fintech Ltd., at a premium price of INR 485 per share.
While the IPO of PB Fintech Ltd., the parent company of PolicyBazaar, was approved by SEBI, it failed to generate positive investor sentiments in the unlisted space. Consequently, the share price of PolicyBazaar in the unlisted market remained relatively stable, around Rs 1,700-1,800 as of October 19, 2021.
Finally, on November 1, 2021, the IPO of PB Fintech went live and witnessed strong demand, with the retail portion being subscribed 36% within the first hour of opening. The IPO price for PolicyBazaar was set between Rs 940 and Rs 980 per equity share. The company’s shares gained more than 20% over the IPO price, and upon listing on the BSE, they traded at a 17.35% premium to the issue price of Rs 980. The IPO received a subscription of 16.59 times. As of November 16, 2021, the PolicyBazaar stocks closed at Rs 1,203 on the NSE, marking a 22.74% increase from the IPO price. This valuation placed the company at $7.27 billion.
PolicyBazaar - Growth and Revenue
PolicyBazaar, the largest insurance aggregator in India, has achieved significant milestones and growth in its operations. Here are some key highlights:
- Sales and Transactions:
- PolicyBazaar records a run rate of 100 million visitors annually.
- The platform witnesses over 300,000 transactions per month.
- More than 15,000 policies are sold in a month.
- Revenue Growth:
- In the fiscal year 2017-2018, PolicyBazaar experienced a remarkable revenue growth of 225%.
- After raising $200 million from SoftBank and Info Edge in May 2018, the company’s valuation crossed $1 billion, making it a unicorn in the Indian fintech industry.
- Market Share:
- PolicyBazaar occupies approximately 50% of the online insurance market share.
- By April 2022, the market share increased to an impressive 93.4% in the online insurance space.
- The company claims to hold 25% of India’s life insurance cover and around 7% of the country’s retail health insurance business.
- Insurance Offerings:
- PolicyBazaar car insurance has already insured over 51 lakh vehicles, providing customers with a choice of over 20 insurers.
- PolicyBazaar health insurance boasts a satisfied customer base of over 7 lakh individuals.
- DocPrime:
- In August 2018, PolicyBazaar launched DocPrime, an online medical service provider platform.
- DocPrime allows users to consult with doctors in real-time through chat and calls.
- Within six months of operation, DocPrime’s website received 1 million unique visitors, indicating its popularity and value.
Financials:
- PolicyBazaar’s revenues were reported at Rs 957 crore in FY2021.
- The consolidated revenue of the company stood at Rs 855.5 crore in the previous fiscal year, witnessing significant growth from Rs 528.8 crore in FY19.
- However, PB Fintech, the parent company of PolicyBazaar, experienced a net loss of Rs 832.91 crore in FY22, a substantial increase of 454% compared to the previous fiscal.
- Expenses also rose by 116% during FY22, totaling Rs 1,099.32 crore.
Despite the losses, PolicyBazaar has made efforts to reduce its losses, with Rs 150.2 crore recorded in FY21, compared to Rs 304 crore in FY20. The company’s losses in FY19 were Rs 213.1 crore.
PolicyBazaar - Challenges
PolicyBazaar’s Marketing Head, Sai Narayan, identifies two significant challenges in the insurance industry:
- Customer Inertia:
- One of the biggest challenges faced by PolicyBazaar is customer inertia.
- Many individuals still rely on traditional insurance agents to purchase insurance policies.
- Convincing this segment of the population to switch to online platforms requires significant effort and education about the benefits and convenience of buying insurance online.
- Perception of Insurance:
- Narayan highlights that many Indians view insurance primarily as a tax-saving tool.
- This limited perspective fails to recognize the broader value and purpose of insurance.
- Consequently, a majority of insurance sales tend to occur in the January-March period, coinciding with the tax-saving season.
These challenges indicate the need for PolicyBazaar and other industry players to actively address customer inertia, educate the market about the benefits of online insurance purchases, and encourage a more comprehensive understanding of insurance as a means of financial protection beyond tax savings.
Policybazaar Systems Hacked
PolicyBazaar experienced a security breach, where certain vulnerabilities in its IT systems, including PolicyBazaar Insurance Brokers, were subjected to illegal and unauthorized access. However, the company assures that no significant customer data was compromised, according to reports from July 25, 2022. PolicyBazaar promptly addressed the identified vulnerabilities and initiated an audit to assess the extent of the breach. Additionally, the company has engaged with the relevant authorities regarding this incident.
PolicyBazaar - Competitors
PolicyBazaar faces competition from several major players in the insurance aggregator market, including:
BankBazaar: BankBazaar is a leading online financial marketplace that offers a wide range of financial products, including insurance policies, loans, credit cards, and more.
CoverFox: CoverFox is an insurance aggregator platform that allows users to compare and purchase various insurance policies online, including motor insurance, health insurance, travel insurance, and more.
EasyPolicy: EasyPolicy is an online insurance marketplace that provides customers with a platform to compare and buy insurance policies across different categories, such as life insurance, health insurance, car insurance, and more.
CreditMantri: While primarily focused on credit-related services, CreditMantri also offers insurance solutions and helps customers compare and choose insurance policies based on their financial profiles and requirements.
PolicyAdvisor: PolicyAdvisor is an online insurance platform that offers a wide range of insurance products, including life insurance, health insurance, and investment-linked insurance plans, providing customers with personalized policy recommendations.
Acko: Acko is a digital insurance company that offers innovative and customized insurance products, including motor insurance, health insurance, and more, leveraging technology and data analytics.
InsurancePandit: InsurancePandit is an insurance aggregator platform that allows users to compare and purchase insurance policies online, covering various categories such as life insurance, health insurance, motor insurance, and more.
These competitors, along with others in the market, strive to provide customers with convenient and accessible options for comparing and purchasing insurance policies, intensifying the competition in the insurance aggregator space.
PolicyBazaar - Business Partners
PolicyBazaar has established partnerships with renowned companies in various insurance sectors, including car insurance, health insurance, life insurance, corporate insurance, and travel insurance. Among its esteemed business partners are:
- Aegon Life
- Aviva Life Insurance
- Bajaj Allianz
- Cigna
- Edelweiss Tokio Life
- HDFC Ergo
- DHFL Pramerica Life Insurance
- HDFC Life
- ICICI Prudential
- Liberty General Insurance
- Cholamandalam General Insurance
- PNB Metlife
- Max Life
- Royal Sundaram General Insurance
- SBI Life Insurance
- TATA AIG
- Future Generali
- IFFCO-TOKIO General Insurance
- Apollo Munich Health Insurance
- Religare Health Insurance
- Star Health and Allied Insurance
- IDBI Federal Life Insurance
In addition to these partners, PolicyBazaar collaborates with other notable companies, such as:
- Reliance Life Insurance
- Aditya Birla Capital
- TATA AIA Life
- Shriram Life/General Insurance
- Bharti AXA
- National Insurance
- New India Assurance
- Universal Sompo General Insurance
- Reliance General Insurance
- Bajaj Allianz
- Canara HSBC OBC Life Insurance
- Max Bupa
- Oriental Insurance
- Raheja QBE
- SBI General Insurance
- United India Insurance
These partnerships allow PolicyBazaar to offer a wide range of insurance options to its customers, catering to their diverse needs across various insurance segments.
PolicyBazaar - Awards and Recognition
PolicyBazaar has received numerous accolades and recognition for its exceptional business model, customer-centric approach, and outstanding marketing initiatives. The company has been honored with the following prestigious awards:
- IAMAI Indian Digital Awards for the Best Financial Website – 2013-2014
- Frost and Sullivan Customer Value Leadership Award – 2014
- GSF Mobile Appies Award for Best Mobile App in Consumer Finance – 2015
- Exchange4media Golden Mikes Award – 2015
- DMAi Asia ECHO Awards – 2015
- CMO Asia Awards – 2015
- BAM Award – 2015
- Iconic IDC Insight Awards – 2015
These accolades serve as a testament to PolicyBazaar’s commitment to excellence and its remarkable achievements in the industry.
PolicyBazaar - Future Plans
PolicyBazaar has set ambitious future plans to solidify its position as a market leader in the insurtech industry. The company aims to achieve the following objectives:
Strengthen Market Leadership: PolicyBazaar aims to maintain its market leadership position by continuously improving its offerings and providing exceptional customer service.
Increase Underwriting Premium: The company seeks to enhance its underwriting premium by attracting more customers and offering a diverse range of insurance products.
Expand Customer Base: PolicyBazaar aims to expand its customer base by reaching out to new demographics and increasing its market penetration.
Boost Revenue: The company is focused on driving revenue growth through strategic partnerships, innovative marketing initiatives, and optimized sales processes.
Pursue Profitability: PolicyBazaar is committed to achieving profitability by optimizing its operations, controlling costs, and maximizing the value it delivers to its customers.
Innovate for Customer Satisfaction: The company will continue to invest in research and development to introduce innovative products and technologies that enhance customer satisfaction and meet evolving market needs.
Expand Globally: PolicyBazaar plans to explore opportunities for successful expansion beyond India’s borders, tapping into new markets and establishing a global presence.
By pursuing these goals, PolicyBazaar aims to strengthen its market position, drive sustainable growth, and provide enhanced insurance solutions to customers both within India and internationally.
FAQs
What is PolicyBazaar?
PolicyBazaar is an all-in-one online platform that offers a wide range of insurance products. With extensive experience and expertise in the insurance industry, it assists customers in selecting the most suitable insurance policies.
What is PolicyBazaar’s valuation?
As of November 2021, PolicyBazaar is valued at $7.27 billion.
Who is the CEO of PolicyBazaar?
The CEO of PolicyBazaar is Sarbvir Singh.
How much is PolicyBazaar’s revenue?
In FY21, PolicyBazaar recorded revenues of Rs 957 crore.
Who are the top competitors of PolicyBazaar?
PolicyBazaar faces competition from various companies in the insurance sector, including:
BankBazaar, Coverfox,, Easypolicy, Acko, Turtlemint, ETInsure, Greenlife Insurance, CreditMantri, FundsIndia
ApnaLoanBazaar
What is PolicyBazaar car insurance India?
PolicyBazaar offers car insurance in India, which is a mandatory policy that provides coverage for damages caused to cars due to unforeseen events such as theft, collisions, and more. PolicyBazaar car insurance India provides options from over 20 car insurers and has insured more than 51 lakh vehicles.
How is PolicyBazaar health insurance?
PolicyBazaar health insurance is an insurance plan that serves as a contract between the insurer and the insurance company. It covers medical expenses related to hospitalization, surgeries, daycare visits, and more. PolicyBazaar health insurance can either reimburse the medical costs or provide cashless treatment options.
What does PolicyBazaar’s travel insurance offer?
PolicyBazaar’s travel insurance provides protection against unexpected losses while traveling, whether domestically or internationally. The basic plans cover medical expenses, while comprehensive plans also include coverage for flight delays, lost luggage, personal liability, trip cancellations, and more.
