Insurance Dekho opens first branch office in Punjab
Insurance Dekho, the leading insurance venture by CarDekho group, opened its first branch office in Ludhiana. The opening of the office is with an aim to make insurance buying easy for its clients and bring more transparency in dealing with insurance products and its procedures. With focus on expanding distribution in Tier II and Tier III cities, InsuranceDekho has plans to open over 15 branches in next 3 months across India. It has tied up with more than 20 insurance companies to provide insurance distribution services in health and motor insurance.
InsuranceDekho has been registering a growth of about 100% month on month since it launch. Opening office in Ludhiana has been a strategic move by the company as it has seen a rise in queries from the market. The office will provide easy access to the customer and best-in-class after-sales support to help with claims and endorsements.
Announcing the opening, Mr. Ankit Agarwal, Co-founder and CEO InsuranceDekho, said, “Buying insurance in India is often a cumbersome and complex process for customers. With InsuranceDekho office, we’ve simplified the processes considerably for the benefit of the customers. They can now easily approach the company executives and have a hassle-free experience.”
A recent report on Invest India has suggested that the overall market for insurance is expected to be INR 28,000 crores by 2020, which is expected to register healthy and consistent growth. The recent changes in the Motor Vehicles amendmentact 2019 have further prompted a new push to motor vehicles insurance, opening more avenues and necessity to own it.
Insurance Dekho opens first branch office in Punjab
About CarDekho Group:
CarDekho group is India’s leading full-stack, auto tech company founded in 2008. Headquartered in Jaipur, CarDekho group has successfully digitized the entire Indian auto ecosystem. The group currently operates various leading Indian Auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com and PowerDrift.com. It has recently launched its online insurance portal InsuranceDekho.com offering services in motor and health insurance and CarDekhoGaadi stores as the one-stop destination for selling pre-owned cars. The group also pioneers in specialized portals like TyreDekho.com and TrucksDekho.com. In a span of 11 years, the company has seen a phenomenal uptake and is now recognized as the largest automotive video content player with 2 million+ YouTube subscribers, the largest consumer-facing digital destination with 41 million monthly unique visitors, and the largest auto social media platform in the country. In 2016, the company expanded its presence in Indonesia under the brand name OTO; which has become the number one auto site in less than 2 years of its launch. CarDekho has raised funding from marquee investors which includes Sequoia India, Hillhouse Capital, CapitalG (formerly known as Google Capital), Tybourne Capital, HDFC Bank, Axis Bank, Times Internet, Ratan Tata, and Trifecta.
