We partner with leading life, health, and general insurance providers to bring you the best coverage options.
India is an exciting market for insurance. Our population is 1.4bn and about 50% of Indians are from 15-54 years of age bracket. This age group is the prime consumer of Insurance. Post Covid, there is an increased awareness in the relevant sections of the population to have Life and Health Cover.
Insurance penetration in our country is defined as the ratio of Gross Premium to the GDP of the country. Last year's total Indian Insurance premium was to the tune of 10lac crores. It is about 4.2% of the country's GDP. In developed markets, this ratio goes as high as 8-10%. So, the path to exponential scale is fairly visible for our sector. One of the key parameters to look at in our sector is Protection Gap. By some estimates, Protection Gap in India is upwards of 90%. What it means in simple terms is that if Rs.100 is what it takes to fight off a calamity for an average Joe, he has only Rs. 10 available. This is an alarming situation, to say the least. Insurance is the answer that works best in this situation.
Selling Insurance is therefore an act of great responsibility and we at Policywings are fully cognizant of this fact. We have tied up with all the leading Insurers of the country and we remain committed to helping our customers throughout their insurance journey. From Insurance purchases to Settling Claims.
There are currently 25 Life Insurance companies, 29 General Insurance Companies and 5 Standalone Health Insurance companies. The esteemed regulator (IRDAI) is also in the process of granting licenses to 20 more insurance companies in the coming time.
Practical tips, guides, and insights to help you make smarter insurance decisions for yourself and your family.
Health InsuranceStuck with a health insurer that raised premiums or rejected your claim? IRDAI's portability rules let you switch without losing waiting period credit. Here's exactly how it works.
GeneralMarriage changes everything about your insurance — nominees, coverage structure, term insurance needs, and maternity planning. Here is the complete insurance checklist for newly married couples in Noida and Greater Noida.
GeneralInsurance is one of the most myth-ridden financial categories in India. Here are 12 misconceptions that actively harm people's financial security — and the truth behind each one.
+91-98111-67809
