Policy Bazaar is an online platform that aggregates insurance plans and serves as a marketplace for policies. It provides full claim support and helps you if you have any issues with our insurance partners.
Policybazaar specializes in making comparative analysis of the insurance products. The basis for the comparison is price, quality and key benefits.
Policybazaar was founded in 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. The company is headquartered in Gurgaon, Haryana, India.
PolicyBazaar.com has built strong relationships with all prominent public and private insurance companies across India. It's partners are from life insurance, health insurance, car insurance, travel insurance, corporate insurance and loan sectors.
Policybazaar has so far sold sum assured worth $100m through their term life insurance products and they intend to scale this figure to $1bn in the next 12 to 18 months.
PolicyBazaar is backed by Temasek Holdings, Tencent Holdings, SoftBank Vision Fund, Wellington Management, Falcon Edge Capital, PremjiInvest and others. The company raised $75M in a new round on Mar 15, 2021. This brings PolicyBazaar's total funding to $766.6M to date. PolicyBazaar was valued at $3.5B after a fundraising on Feb 16, 2021.