How, a bootstrapped organization became a huge brand in insurance space


Insurance has become a priority for people of all age groups. The society that people live in has become unsafe and risky and what may seem to not occur even at the worst, has now become a regular phenomenon. Who knew that Oxygen would be sold one day? The air we breathe, the route we take, the office we sit in all has become risk-prone, and a single mistake become a life-changing event. To keep pace with such manifold change in the society and people’s life and to avoid any possible health issues, commenced its business in the insurance sector with a team of just 2 members in the year 2013.

All you need to know about is a self-funded and IRDA approved Insurance Comparison Portal whose work is to help people to compare and then buy the policies online. It started with an aim to help and give expert guidance to the people in selecting their insurance plan such as Life, Health, Corporate and Travel from among the top Insurance company in India. They work on complete algorithms to help people finding the best insurance policy and make an informed decision before choosing and buying a policy.

Journey So Far started with just 2 people on board in 2013 intending to bring a revolution in the way people buy insurance. Naval Goel, the founder of PolicyX, is an Associate in Indian Institute of Insurance, Pune. He has more than a decade of experience and expertise in the insurance sector.

In less than a year, the company was IRDA approved, i.e., as a web aggregator and after that it hired employees in their team. In 2017, the team that started with 3 people became 100+, and now have 200+ employees. In the year 2019, the company completed its five successful years in the industry and introduced Virendra Sehwag as a Brand Ambassador for the company.

A self-funded company, PolicyX, crossed 10 crores of premium in the year 2016, with their unbiased quotes and affordable price to help the consumers find out the policy that best suits their requirements.

What makes different from other similar companies?

It acts as a mediator between the customers and the Insurance companies and by using their complex algorithms such as flow charts, videos, live quotes and other related tools it provides the best policy to the customers. Unique features of the company are:

  1. Unbiased quotes from the top insurance company
  2. Facts and figures presented are assumed to be 100% accurate
  3. IRDA approved which make it authentic and reliable
  4. Privacy and security of the data entered by the customers.
  5. From choosing the best insurance policy to getting the claim processed, is throughout to help the customers.

The company covers almost all the areas of insurance such as family insurance, home insurance, pension plan, child plan, personal accident, etc. Their mission is to reach each and every person and offer an affordable plan and get 100% customer satisfaction from the service they provide.

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