ENTREPRENEURIAL MINDSET

(THE SUCCESS OF
POLICYBAAZAR : INSURTECH
ENTREPRENEURSHIP IN INDIA)
SUBJECT : E.M
NAME : RUDRA PATHANIA
CLASS : M1 BBA
What is Insurtech?

 "Insurtech" is a term that combines "insurance" and

"technology." It refers to the use of technology innovations and
advancements to enhance and modernize the insurance
industry. Insurtech involves the application of various
technologies, such as artificial intelligence, data analytics,
blockchain, machine learning, and other digital tools, to improve
different aspects of the insurance value chain, from product
development and underwriting to distribution, policy
administration, and claims processing

 Examples of Insurtech companies in India

Digit Insurance, Acko, PolicyBazaar, OneAssist
Let's dive deeper into PolicyBazaar.

 Policybazaar is an Indian online insurance

aggregator and marketplace that allows
users to compare and buy insurance
policies from various providers. It was
founded in 2008 by Yashish Dahiya, Alok
Bansal, and Avaneesh Nirjar. The
company is headquartered in Gurugram,
India.
 User
Interface
of
Policy
Baazar
In this presentation we will learn about the
following.

Business Services Technology Expansion and

Model Integration Funding
Business Model of PolicyBazaar

Policybazaar operates as an online

marketplace, connecting users with a
variety of insurance products,
including health insurance, life
insurance, car insurance, travel
insurance, and more. Users can
compare different plans, coverage
options, and prices before making a
purchase.
Services Provded by PolicyBazaar

 The platform provides a range of services,

including insurance comparison,
information on insurance products,
premium calculations, and online policy
issuance. Users can also get advice and
assistance in choosing the right insurance
coverage for their needs.
Technological integration of PolicyBazaar

I. Policybazaar leverages technology to

streamline the insurance-buying process.
The platform uses algorithms and data
analytics to help users make informed
decisions by comparing policies based on
their specific requirements.
Expansion and funding of PolicyBazaar
I. Over the years, Policybazaar has
expanded its services and gained
significant traction in the Indian
insurance market. The company has
attracted substantial funding from
investors, enabling it to invest in
marketing, technology, and customer
acquisition.
Turnover and Profit of PolicyBaazar

 The current market capitalisation of POLICY

BAZAAR stands at Rs 360,643.67 m.

 During FY23, PolicyBazaar’s revenue from

operations surged 79.5% to Rs 2,558 crore as
compared to Rs 1,425 crore in FY22.
 Thank you.

 Name : Rudra Pathania

 Class : M1 (BBA)

 Subject : Entrepreneurial Mindset