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Milestone · Financial Services

InsuranceDekho expands agent network to 2.2 lakh

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InsuranceDekho logo
Date
Company
InsuranceDekho
What it does
Insurance broking platform
Kind
Milestone
Founded
2016
Sector
Financial Services

What they do

InsuranceDekho is an online insurance broker offering 720+ plans from 49 insurers

What happened

It onboarded 95,000 new agents in the past year, reaching 2,20,000 total agents. 86% of its agents are in Tier 2/3 cities, covering 99% of India's pin codes

The details

  • InsuranceDekho added 95,000+ new agents in the past year, a 92% year-on-year growth.
  • Its total agent partners reached 2,20,000 as of December 2024.
  • The platform now covers 99% of India's pin codes.
  • 86% of its agents are based in Tier 2 and Tier 3 cities.
  • It offers 720+ insurance plans from 49 insurers.
  • The company's annual premium run rate was ₹3,300 crore as of March 2024, nearly double the previous year.
  • InsuranceDekho aims to expand its footprint to 6 lakh villages.

The bigger picture

  • The expansion shows strong growth in insurance penetration in smaller towns and rural India.
  • InsuranceDekho is incubated within the CarDekho Group.
  • The company holds an IRDAI direct insurance broker license since 2017.

About the business

  • InsuranceDekho offers car, bike, health, life, term, investment, corporate, family health, and guaranteed return plans.
  • It serves over 17 million customers and has processed 145,000+ claims.
  • Policy issuance takes 5 minutes.
  • The platform has a Google rating of 4.7.
  • Support is available Monday to Saturday, 10 AM to 7 PM.

What happens next

  • InsuranceDekho plans to expand its footprint to 6 lakh villages.

Founders

  • Ankit Agrawal, Founder

About InsuranceDekho

Product
An online insurance platform for comparing and buying policies across major categories
Customers
Consumers buying insurance, with insurers and distribution partners paying for access and distribution
How it makes money
Earns commissions and distribution revenue from policies sold through its platform and partner network
What sets it apart
Large AI-enabled distribution network with nationwide partner coverage and a broad insurer base
Operations
Operates through digital partners and point-of-sale agents across India

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