|Vision||Beyond Financial Protection|
|Mission||To be best Financial Protection Market Place|
Insuremile is India’s first financial protection marketplace, founded with the intent to change the dynamics of the insurance sector in India. As an insurance web aggregator, Insuremile enables financial protection to 96% of Indians who are under risk, providing simple, fast and reliable services. The primary aim of the platform is to enhance the user experience by letting customers compare multiple policies at a time before making a choice based on their individual needs.
Statistics show that out of the 54.5 million people in India who compare insurance policies online, only 6 million people have converted their search into purchases. 99% are deterred due to privacy issues. On the Insuremile platform, customers can make faster and more informed decisions regarding insurance policies as they can receive policy quotes and make comparisons in minutes without divulging their personal information like email, mobile number or vehicle number.
Secondly,INR 11800 crores of premium remains unclaimed by exiting policy holders due to the complex process or multiple touch points. Insuremile enables free policy claim services to any policy holder who wants to connect with an insurer using Insuremile App.
Mallesh Reddy, Founder and Chief Executive Officer, is a seasoned entrepreneur with specialised product marketing and sales experience of 20 years in the insurance sector, particularly in the Life and General Insurance verticals. He has a keen understanding of the Indian and global industry landscape, especially in the context of customer challenges.
With over 30 years of extensive experience in the financial and insurance industry, co-founder Vijay Krishnamurthy, who is serving as the Director, is an expert in financial protection and investment.
Cheif Executive Officer