A policy will be accessible only to an agent or the customer. Home; About Us Our Mission. RenewBuy is an online Insurance Platform that gives the smartest and fastest way to compare, choose and buy Health, Life and Motor Insurance Policy. Digital insurance platform RenewBuy on Friday said it has raised $45 million (Rs 332 crore) as part of its Series C funding round. RenewBuy plans to come up with IPO in 2 years: CEO Insurtech company RenewBuy is planning to come up with its initial public offering IPO in about two years from now, banking on the healthy growth of business and a strong pedigree, its CEO and co-founder Balachander Sekhar said.The agent-led digital-driven insurtech company was founded in 2015 … How to Choose Best Motor Insurance Policy in india? RenewBuy is located in Gurgaon, Haryana, India. The campaign, ‘Smart … Hyderabad: RenewBuy, a … Joseph Rai. Put RenewBuy consultants to the test, rather than rigorous testing,” he said. Insurer cannot pull out data from the system of RenewBuy. Balachander Sekhar, CEO, RenewBuy group, said that the company has provided health, life and motor insurance to a customer base of 2.5 million people since its launch five years ago. In the next five years, the company aims to reach 25 million customers through over 200,000 POSP (point of sale person) advisors in India and beyond. LTD (CIN U66030DL2013PTC249265), Principal Place of Business: 1st Floor, Plot no 94, Sector- 32, Gurugram -122001, Haryana; Registered Office: Second Floor, C-67, DDA Shed, Okhla Phase – 1, Delhi -110020, IRDAI Broking License Code No. How much funding has RenewBuy raised to date? The deal was closed in the first week of February. Even if the car or bike insurance is expired, the process of renewal is simple and takes little time. … Visit RenewBuy blog to gain the necessary knowledge regarding commercial & noncommercial driving license, four-wheeler & auto rickshaw driving license, etc. Insurance is the subject matter of the solicitation. This program aims … RenewBuy, the online insurance platform, has launched its first 360-degree ad campaign with actor Rajkummar Rao. Digital insurance platform RenewBuy on Thursday said it has raised $10 million (Rs 74 crore) more Series C funding from new investor Evolvence India Fund. With Evolvence India Fund joining RenewBuy's cap table, the startup closed its Series C funding round at $55 million. Founded in 2015 by Balachander Sekhar and Indraneel Chatterjee, RenewBuy is a disruptive InsurTech player providing choice and convenience to customers buying Health, Life and Motor Insurance products, delivered through a trusted network of Point-of-sales person (“POSP”) advisors. RenewBuy. Digital insurance company RenewBuy has executed its second employee stock ownership buyback plan (Esop), worth Rs 13.7 crore, for its existing and former employees. Apis Partners-backed digital insurer RenewBuy executes second Esop buyback. The two ad films for the campaign are a step towards generating awareness around the ease of access to get insurance digitally. The ad campaign highlights the brand’s promise of addressing consumer’s insurance needs, through its digital led insurance POSP (Point of Sale Person) advisor network. Each proposal and the transaction that is done is tagged to a customer and agent through an email id which is then protected by a password. Read writing from Renewbuy on Medium. POS shall act solely as an independent contractor, of-course subject to the control A pure digital insurance distribution business, it has become the 2nd largest and the fastest-growing Insure-Tech player by building an extremely differentiated approach from incumbent players – both traditional insurance companies and new-age digital players. The second Esop has been executed in the last 12 months and provided encashment to its employees who were associated for three years and above, it added. Ltd. ADVERTISEMENT The acquisition will allow RenewBuy to extend its tech solutions across the value chain from sales, to underwriting and claim solutions, said RenewBuy in a statement without disclosing the … For more details on benefits, exclusions, limitations, terms and conditions, please refer to sales brochure/policy wording carefully before concluding a sale. RenewBuy has 662 employees across 2 locations and $84.61 m in total funding,. ADVERTISEMENT. ETBrandEquity.com brings the latest Advertising news, online Advertising information, views & updates. The campaign was designed and conceptualised by Havas Worldwide India. One of India’s leading InsurTech companies, RenewBuy launched its first 360-degree ad campaign with its brand proposition of “Smart Tech, Right Advice”. We simplify insurance and aim to take it to the last Indian, through … In order to get the right one for your vehicle, get in touch with a POSP advisor via RenewBuy and stay relieved. Poor Not so poor average good very good. It is easy to use and helps purchase insurance instantly. The insurance coverage broker was accused of utilizing the model title “renewbuy” for soliciting insurance coverage on-line with out “visibly and clearly displaying the Broker’s name on the website.” The regulator discovered this to be violating Para 1 of Schedule VII beneath Regulation 22 of IRDA (Insurance Brokers Regulations,) 2013. Their major activity is confined to the selling of Vehicle, Health and Personal Accident Insurance policies. Artivatic.AI’s more than six patents in … Your personal information in RenewBuy account is not visible to anyone. Get online news from the Indian Advertising industry. Photo Credit: 123RF.com. RenewBuy, one of India’s InsurTech companies, launched its first 360-degree ad campaign with its brand proposition of “Smart Tech, Right Advice”. RenewBuy, flush from the Series C funding the digital insurer raised last year, said it has acquired Artivatic.ai, owned by Artivatic Data Labs Pvt. “Smart Tech, Right Advice” is the theme of the campaign. ADVERTISEMENT The funding was led by UK-based asset manager Apis Partners LLP that invested through Apis Growth Fund II, said RenewBuy in a statement. Devesh Joshi. When was the last funding round for RenewBuy? The idea was when Our hit is straightforward, and probably funnier than my rather big nose. He is the platform’s first brand ambassador. Renewbuy is one of the fastest-growing Direct Insurance Broking Company in India. The company told that the campaign emphasizes its guarantee of addressing consumers’ insurance needs by digitally led insurance POSP (Point of Sale Person) advisor network.. Apis Partners-backed digital insurer RenewBuy executes second Esop buyback. RenewBuy home page. Please contact customer care for expired policies 1800-419-7151 D2C INSURANCE BROKING PVT. Indian InsurTech RenewBuy raises US$ 45M in Series C funding. Long Description: RenewBuy is an online Insurance Platform which gives a smartest and fastest way to compare, choose and buy Motor and Health Insurance Policy.Keeping in mind, the difficulties faced by the customers who are willing to have an insurance but find it problematic, RenewBuy gives a platform where customers can get each and every single information about … The contribution of aggregators and online-brokers is 65%. Email Id: support@renewbuy.com. NEW DELHI: Online insurance platform RenewBuy has launched its first 360-degree ad campaign with film actor Rajkummar Rao as its first brand ambassador. They offer expert advice that comes with human expertise, amplified by AI. The ad campaign highlights the brand’s promise of addressing consumer’s insurance needs, … RenewBuy said it has Rs 1,000 crore ($140 million) in annualised premium. It added that more than 60% of its business comes from semi-urban and rural areas in India. RenewBuy, operated by D2C Insurance Broking Pvt Ltd, originally focused on the motor insurance sector. Founded in 2015 by Sekhar and Indraneel Chatterjee, RenewBuy is an insurtech company that provides health, life and motor insurance products, delivered through a network of POSP advisors. RenewBuy has raised $84.4M. AD. 460 were here. 505, License category- Direct Broker (Life & General), valid till 26/11/2023. RenewBuy will take the ownership of Artivatic.AI’s SaaS solutions for insurance, IP and product portfolio. RenewBuy has roped in film actor Rajkummar Rao, as its first brand ambassador for its first 360-degree ad campaign. InsurTech company RenewBuy has launched its 360-degree ad campaign with its brand proposition of “Smart Tech, Right Advice”. RenewBuy is the perfect platform for purchasing and renewing vehicle insurance. By Anonymous on Sep 27 2018 - 7:46am. By. Through our 360- degree national campaign, we aim to target more than 700 million consumers with a focus on tier 2 cities and beyond. 16 December, 2021. Artivatic.AI is valued at $10 million while acquisition is done by a combination of cash payment and share-swap deals. No deletions or changes in the advertising copy are permissible. RECENT ARTICLES Devesh Joshi, chief marketing officer, RenewBuy, said, “RenewBuy recently raised funds worth USD 60 million, which is being used to scale up the technology for exponential insurance advisor and consumer outreach. RenewBuy, operated by D2C Insurance Broking Pvt Ltd, is using the fresh capital to strengthen its tech and expand outside the domestic market. RenewBuy, an online insurance platform, has appointed Rajkummar Rao as the brand ambassador for its 1st 360-degree consumer advertising campaign that highlights consumers’ insurance needs. RenewBuy.com is the brand name under D2C Insurance Broking Private Limited licensed by the Insurance Regulatory and Development Authority of India (IRDAI), as Direct broking company for Life and General Insurance, License code -505. The question was how do we communicate in an effective and meaningful way. ADVERTISEMENT. DB 571/14, Certificate No. Max Life Insurance Co. Ltd (“Max Life”/ “Company”), announced that its ecommerce channels have achieved 8x growth over the last four years. RenewBuy goes beyond that. RenewBuy will take the ownership of Artivatic.AI’s SaaS solutions for insurance, IP and product portfolio. With the insurance industry projected to … Toll-Free Number: 18001027152. April 2, 2022. RenewBuy, a leading InsurTech company, has launched its first 360-degree ad campaign with its brand proposition of “Smart Tech, Right Advice”. RenewBuy helps find a plan that is ideal for you as per your needs. Compare & get instant quotes on Bike, Car, Health, Life & Travel Insurance premiums. Compare and Buy Health & Motor Insurance policies offered by various insurers at RenewBuy.com. While driving on Indian roads, one needs to be in possession of a motor insurance. The company claims to have about 70,000 POS partners and has insured more than three million customers across 750 cities and towns. With a leap in demand for insurance products, Gurugram, India-based InsurTech firm RenewBuy has raised US$ 45 million in a Series C funding round led by Apis Partners on 18 June 2021. By shubham@123 on Jul 17 2019 - 6:41am. 09 November, 2015. Answer (1 of 3): Mr Tanmay MintPro and Renewbuy are licensed to sell Insurance on-line. RenewBuy has acquired cutting-edge, AI based InsurTech company, Artivatic.AI. The acquisition will allow RenewBuy extend its tech solutions across the value chain – from sales, to underwriting and claim solutions. advertising only its business name, business address, POS number and telephone number, as provided for in the advertising. See insights on RenewBuy including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The company has roped in … Launched in 2015, by industry veterans, RenewBuy.Com is the fastest growing online aggregator in India. 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