Policy Bazaar – Friends, you must have heard the name of Policy Bazaar, it is one of the best companies in India that provides financial service. The policy can easily compare with any insurance in the market. This is a digital service. But there are many people who do not yet know about Policy Bazaar. But today we will tell you what is policy market? What is the history of Policy Bazaar? What is Policy Bazaar’s service? If you want to know, then read this article till the end.
By the way, it is recommended for everyone to get insurance to avoid loss due to sudden events in life. The whole purpose of getting an insurance policy is that we can face the unexpected loss financially.
But agents selling insurance fail to provide fully-covered options to the customers. They knowingly or unintentionally hide important policy information from gullible individuals.
Many a times, these agents sell policies only for their profit and commission rather than prioritizing the needs of the customer. Due to which the money of the savers goes directly into the wallet of the agent. Because of these factors, customers are hesitant to buy insurance from agents. To overcome this problem, policy market has come, so let’s know about policy market in detail.
What is Policy bazaar
The company constantly adds new features and technology to make the customer experience smoother. The company introduced the ‘My Account’ feature some time ago. Through the ‘My Account’ feature of PolicyBazaar, customers can easily download policies and take tickets,
Policybazaar launched its mobile app in 2015. The app is available for both Android and iOS platforms. Customers can not only search, compare and buy insurance through Policy Bazaar’s app,
Rather, one can avail interesting features like hospital locator, garage locator, insurance premium calculator, instant renewal of insurance policies, claim assistance, and much more.
List of Insurance of Policy bazaar
Policy market provides many types of insurance, we tell you those insurance such as –
- Life Insurance
- Health Insurance
- Motor Insurance
- General Insurance
- Group Health Insurance
- Travel Insurance
- Home Insurance
- Cancer Insurance
- Defense Personal Insurance
Policy Bazaar Owner
Yashish Dahiya is the owner of PolicyBazaar who founded PolicyBazaar in 2008 to bring transparency and accountability to the Indian insurance policy segment. You can compare and buy insurance through this policy market.
What is the history of Policy bazaar.
Policybazar.com started as an insurance comparison website. It was founded in June 2008 by Yashish Dahiya, Alok Bansal and Avnish Nirjar with a focus on the insurance sector. At that time, the Indian insurance industry still lacked transparency, and policies were mostly sold through agents. Policybazaar largely changed this by listing the details of multiple insurance policies for the customers to choose from.
It began as a price-comparison website and an information portal for learning about insurance and insurance programs. Its objective was to provide an online platform for Indian insurance buyers to compare and buy policy plans. Later the website expanded to become a marketplace for insurance policies. Policybazaar has also launched a Telugu website to help users research and buy online in their native language.
Policybazaar has shifted from a policy price comparison website to an insurance sales operation. The company claims to process around 25% of India’s life insurance and over 7% of the country’s retail health cover.
Policybazaar offers all types of insurance plans like life insurance, health insurance, motor insurance, travel insurance as well as group plans. The platform is designed to compare and buy insurance plans as per individual preference.
In 2015, PolicyBazaar launched its app for Android and iOS users. Policybazaar has also adopted Amazon Polly and developed an in-house AI chatbot to improve customer satisfaction in 2018. In February 2020, Sarbvir Singh was appointed CEO with effect from December 2019, while Yashish Dahiya assumed the role of Group CEO.
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