NEW DELHI : InsureTech market leader Turtlemint has tied up with ManipalCigna to offer health insurance products through its Point-of-Sales Person (PoSP) network.
Turtlemint’s PoSP network claims to have more than 65,000-strong advisors contingent that caters to more than 5 lakh customers in 800 cities across India; adding an annualized premium run-rate of Rs 950 crores to the business.
Dhirendra Mahyavanshi, Co-Founder-Turtlemint, said, “Our aim is to be the one-stop shop for all kinds of insurance products and this partnership is a significant step in this direction. It supports our vision to provide a bouquet of products to our customers; to ensure they choose the best-fit policies only.”
Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance Company, said, “Turtlemint’s vast experience in technology and digitalization will enable us to provide easy access to health insurance product features and service proposition in line with the customers need and behavior.”
In the last 4 years, Turtlemint has grown to dominate the InsureTech space, using the strategic combination of multilingual digital app and its PoSP network. Gauging the importance of digital in insurance early, the company has put proprietary algorithms and data analytics in place to educate people about various insurance products.
This technology further builds on customer data to present customised choices of insurance products.