Comprehensive Vehicle insurance will make New Vehicles Costlier!

Comprehensive car insurance can be worth every penny, especially in the event of any unforeseen incident happening and your vehicle undergoing severe damage. However, there could be a drastic revamp, albeit in the future, in the car insurance policy designs and design of a new risk model which will enable comprehensive coverage for all new motor vehicles. This could essentially make the cost of your vehicles costlier. Read on to know how this could impact you and your car insurance policy in the future.


What is a comprehensive car insurance policy?

Before we understand the nuances of the possible changes in the car insurance industry and its impact, let’s have a quick look at the key features of the comprehensive policy:

  • It will not only cover third parties but still also covers own-vehicle damage and accident cover for co-passengers
  • Policies provide coverage against any third-party liabilities and damages of own car due to accidents, man-made, natural disasters including but not limited to vandalism, fire, theft, floods, etc.
  • It also covers accidental third-party property damages and physical injuries sustained by the third party
  • Provide personal accident cover and often there is an add-on to cover co-passenger accident cover
  • Further amplification by the inclusion of medical expenses cover, zero depreciation cover, engine protection, and accessory protection cover

The wide variety of risks covered under this policy can relieve all stress involved with the possibility of incurring expenses due to damage to the car.


The landmark ruling of the Madras High Court:

The Madras High Court ruling in mandatory comprehensive car insurance cover for vehicles was subsequently withdrawn on August 31st (Source Economic Times). But is this the onset to revamp the car insurance industry?

  1. The Madras High Court had earlier ruled that the dealers should sell vehicles bundled with 5-year comprehensive car insurance cover. These comprehensive car insurance plans should cover the driver, co-passengers, and the owner of the vehicle.
  2. This could have been added to the vehicle’s upfront cost and the on-road prices of new vehicles could go up. The insurance premium of comprehensive coverage car insurance plans could cost at least 3 times the premiums of third– party insurance and hence could reflect a substantial increase in the cost of the vehicle.
  3. The car insurance industry estimated that such a change could increase the new vehicle costs by at least 8% – 10% in the future. The volume of claims management is also likely to increase substantially.

This ruling was subsequently put on hold, the General Insurance Council sought 90 days to effect change and sought clarifications on the nuances of this possible change. The Madras High Court put the mandate on hold, the onus is now on the legislators and parliament to bring in this change. It would be interesting to see the advantages and disadvantages of such a move.


Pros of this ruling:

This is a great opportunity for insurance companies in India to penetrate deeper and increase the topline substantially. Until now, only third-party car insurance was mandatory as per the Motor vehicle Act, 1988. By making own-damage and co-passenger accident cover mandatory, the car insurance companies have to brace themselves for much higher revenue and claims management in the future. For the vehicle owner, availing of comprehensive cover will ensure that the out-of-pocket expense in the event of any unforeseen incident is minimal.


The flipside of this ruling:

For an economy that is just stepping out of a pandemic, this mandate may not be completely positive for many. With a rise in premium, the sale of cars could be affected.

The positive angle: However, since it frees you from the worry of any damages done to your vehicle or the passengers; it is actually a positive move; though the upfront cost could rise in the short run.


Final word

The car insurance company is definitely at an inflection point, the car insurance arena could see a substantial change over the next decade. In fact, this change could bring about a positive change in the industry and help to deepen the overall motor insurance penetration.

Porting your Health insurance is Very Easy Now!

One of the first steps towards comprehensive financial planning is to avail adequate health insurance for yourself and your dependents. There is a need to ensure that the health insurance cover is adequate to cover the expense pattern in current times. Health insurance policies enable us to afford medical treatments without undue out-of-pocket expenses. The rate of cost escalation of medical expenses is the highest. Historically, medical expenses have grown at a rate much higher than that of inflation and the pandemic has proved this to us beyond measures.


The industry overview:

The insurance penetration has risen from 3.76% in FY20 to 4.2% in FY21 according to the Swiss Re sigma world insurance report, where insurance penetration is calculated as a percentage of the total GDP of the country. In March 2021 itself, the health insurance industry in India, triggered by Covid-19 hospitalisation, grew by 41% (Source: IBEF). The standalone health insurance industry is growing at a quick rate of 35% (Source: Firstpost) per annum. So, people have understood the importance of having a health insurance plan and also opting for higher coverage now.


How to increase your health insurance coverage?

If you have already availed of health insurance and then find out that there are other plans which are being offered at a lower premium quote, then it only makes sense to switch out from your current commitment to health insurance which offers the same benefits at a lower premium. This article discusses the importance of health insurance and how you can port your health insurance policy easily.


Benefits of porting your health insurance plan:

If you are unhappy with your current health insurance plan, you can easily port the same to another competitor who offers better services or charges less premium for the same benefits. The key benefits of porting are –

  1. Carry forward your previous benefits
    You not only get the desired services or pay a lower premium but also do not lose out on accumulated benefits. Accumulated benefits include coverage of pre-existing diseases and no waiting period.
  2. No more wait
    The Insurance Regulatory and Development Authority (IRDAI) mandated that all past accumulated benefits will continue under the new plan that the individual switches into without any waiting period.Note: The waiting period is only applicable to the additional coverage and not for the existing amount.
  3. Allowing porting of family floater plans
    The Insurance regulator allowed porting of individual and family floater health insurance policy in the year 2011. Here again, insurers are required to allow the credit gained by the policyholder for pre-existing diseases concerning the waiting period.Note: If any member has been added, then the waiting period would be applicable to that member only.

However, the new insurer will still process your case under his underwriting lens and depending on your eligibility will choose to insure you or otherwise.


Nuances of porting:

The IRDAI regime specifies that the porting would only apply to the carry forward benefits of time-bound exclusions and no-claim bonus. This means that the waiting period credit related to pre-existing conditions would be applicable provided there is continuity.

However, the features of your existing policy cannot be ported. The features of the new policy would be applicable. Thus, the porting is allowed only to the extent of the current sum assured inclusive of the no-claim bonus.

For example, if your current medical insurance has a sum insured of INR 5 Lakhs (inclusive of no-claim bonus), but you would like to opt for a top-up cover of another INR 10 Lakhs with a deductible of INR 5 lakhs, the porting benefits will be applicable only for the initial amount of INR 5 lakhs. The additional coverage of INR 10 lakhs cannot avail of the benefits or credits accumulated and the waiting period would be applicable here. This essentially means that the applicant has to oblige to undergo the waiting period and other related procedures (pre-policy medical test, etc.) to avail of the cover.


Process to port your policy

Below is the step-by-step process of porting your health insurance policy –

  1. Notify your current health insurer at least 45 days before the expiry of your current health plan – the notification should not happen before 60 days
  2. Mention the new insurer with whom you intend to switch your policy
  3. Fill portability form with all details of the policyholder (individual) / holders (family floater plan) and that of the existing health insurance plan. This could be done online as well.
  4. A proposal form should be filled to facilitate the new insurer to underwrite your policy based on their criteria
  5. Submit the necessary documents as requested by the new insurer, including your existing health insurance policy document
  6. Portability applications are required to be acknowledged within 3 working days
  7. The new insurer has to notify his decision regarding your application within 15 days of submission, especially if he intends to reject your proposal, this will provide you with enough time to renew your existing policy
  8. A 30-day grace period is allowed if the porting is under process with the new insurer – if the new insurer fails to respond within the time limit stipulated as per the insurance regulator, the insurer will be duty-bound to accept your policy and insure you


Final word

Remember to check the nuances such as waiting periods, exclusions, co-payments, etc., of your new plan. Although premium is a very important point to consider, you need to also look at the incurred current ratio (ICR) of the new insurance provider, an ideal ratio is between 70% – 90%. You will have to look out for any exclusion clause, waiting period imposed by the new insurer to ensure that you do not run into obstacles while filing for a claim.

You no longer have to be stuck with a health insurance plan that does not match your requirements. It is time to port!

Did you Know that your Car Type could decide Your Car Insurance Premium?

Buying car insurance enables one to hedge the risks that may arise due to damage or accident. It could be a very expensive affair to pay for an accident or damage out of your pocket. Car insurance is often considered complex as the terminologies may be tough to comprehend. By understanding these terms, we can gain deeper insight into car insurance premiums and claims. Read on to know why you need to consider car type before availing of a motor insurance policy!

Why is car classification critical for insurance policy premiums?

Car type is the primary factor for determining IDV (Insured Declared Value). IDV is the market value of the car, it is assessed at the time of extending the car insurance. The assessment is made by the insurer, based on the market value, the premium is decided. The IDV is based on the car classification which is in turn based on engine capacity. Within the car classification, the insurer typically looks at the engine capacity and car’s body type whilst determining the premium of car insurance.

In much simpler terms, IDV can be understood as the sum assured amount against your car insurance policy. Any claims that you raise due to any damage to your vehicle will be against this sum assured. The insurer will decide the appropriate claim amount to be paid out with IDV as the reference point.

What is the classification of cars?

Now, there are various ways to classify cars. It could be based on body style, segment, fuel type, size of the vehicle, or purpose.

Cars can be classified as per:

  1. Body Style as a hatchback, sedan, crossover, vans, convertibles, etc.
  2. Car Segment as compact cars, luxury cars, sports cars, utility vehicles, mid-size or full-size cars, etc.
  3. Car Fuel as diesel, petrol, CNG, hybrid, etc.
  4. Size as micro, compact, sub-compact, mid-size or full-size cars, etc.
  5. Purpose as commercial, personal, sports, or luxury

Now, even with the classification, the insurance premium gets affected on the third party premium cost and the own damage premium cost independently. Let us understand how each portion of the premium is affected.


    • The effect of car classification on Third-Party Premium component of insurance:

      Third-party insurance is a legally required part of car insurance. Third-party insurance compensates for the losses/expenses incurred by the other party with whom you have had an accident. The Motor Accident Claims Tribunal is obligated to compensate the victim in the event of an accident through the third–party insurance claim. By this means, the victim is compensated for any expense (vehicle-related or hospitalization) incurred, the vehicle owner is not burdened in this process.

      Depending on the engine size, a third-party insurance policy is bifurcated across 3 price brackets. While the insurance premium itself will vary minutely based on other factors such as model number, past claims, etc. The broad categorization gives us the idea of the quantum of premium payable for third-party insurance.


      Engine capacity Premium cost
      Less than 1000 cc Low premium
      More than 1000 cc – less than 1500 cc Moderate premium
      More than 1500 cc High premium


    • The effect of car classification on Own-Damage Premium component of insurance:

      Many factors determine the insurance premium on your car insurance policy, one of the primary aspects is the type of your car. The car body indicates the strength of the car itself to sustain during an unforeseen incident. This is one of the primary factors which determines the premium payable on your car insurance premium.

      Some of the common factors related to this aspect are –

      • Hatchback or sedan?
        It has been observed that car insurance premiums of hatchbacks are cheaper to insure due to their small size and large sales volume. On the contrary, sedans cost more than a hatchback, however, the segment into which they fall will be determined by the actual on-road price of the car, and the premium is decided accordingly.
      • High-end hatch-back and sedans:
        Car insurance premiums for high-end hatchbacks and sedans vary from that of the normal hatchbacks and sedans due to the higher on-road price applicable to these cars. This is although hatchbacks, even the high-end ones have a small car body.
      • SUVs and MUVs:
        Utility vehicles have been classified as Small or Midsize Utility Vehicles, SUVs, and MUVs. SUVs. / MUVs and other people carrier vehicles are usually more expensive to insure. These cars have a rugged build and are built for rough use, hence the possibility of damage is quite high. Also, the expenses for damage repair can be quite substantial.Also, SUVs and MUVs are used for off-road driving, and hence chances of damage are higher and hence the cost of repair is estimated to be higher than city vehicles.
      • Sports Cars:
        Sports SUVs, luxury SUVs, sports sedans, supercars fall into the category with the most expensive premiums due to the complex build of the cars and the expensive technology embedded into these cars. These segments of a car are almost always insured/renewed on time to ensure that there is minimal out-of-pocket expense since the repairs can be quite expensive in these categories.
      • Luxury Vehicles:
        Luxury vehicles have a completely different calculation for insurance, over and above the segment in which they fall due to the additional accessories that are usually attached to them.

Remember to consider the car insurance premium as well while purchasing a car. Getting your IDV assessed correctly is critical for availing of the right car insurance policy. The IDV is determined by your car type. While it may seem like a chore to avail yourself of car insurance, it is worth every penny especially if you are caught in the middle of any unfortunate accident leading to damage on either side.

Upskilling the Aspiring Micro-Entrepreneurs in India

While the beginning of this decade has been dominated by ramifications of the COVID-19 pandemic, its middle and end will tell a different story. India, with its aspirations of becoming a USD 5 trillion economy by 2025, is well on its way to becoming a global economic powerhouse. Propelling the country forward is its massive working population and a business positive regulatory environment. Turtlemint, through its technology tools is not just empowering the insurance advisor but creating an opportunity for individuals to become micro-entrepreneurs.

Even though entrepreneurship can be very rewarding, it is certainly not an easy journey. Starting is difficult and adapting to the changing environment is even more difficult. Turtlemint has created an end-to-end application that can help aspiring micro-entrepreneurs to embark on this journey and continuously stay ahead with the right upskilling tools. As a result, the company has been able to create more than 1,50,000 micro entrepreneurs with penetration in 14,000+ pin codes out of 19,000 pin codes in India. Further, it also has more than 1.5 million customers majorly from tier 2 and tier 3 cities and towns of India and has been able to penetrate the rural market of India by leveraging digital technology. Due to its deep penetration, micro-entrepreneurs in these regions have an opportunity to address the insurance needs of people.

From a micro-entrepreneur’s perspective, Turtlemint can be a valuable partner throughout his / her journey.

  • Recruitment: Provide budding insurance advisors with digital tools that can enable them to sell multiple insurance products of multiple insurance companies through one single and multilingual mobile application. Turtlemint has also onboarded approximately 90% of the insurers in the country.
  • Training: Built a comprehensive online skill development program for insurance advisors. The program offers more than 70+ courses ranging from insurance advisor certification to personality development courses, sales skills, podcasts, etc. Further, many of these courses and training modules are available in regional languages to enable people from all backgrounds and education qualifications to leverage the opportunity to learn, upskill, and grow their business.
  • Sales toolkit: Enable the advisor to grow his/her business by providing access to a complete suite of products and information required to become a great insurance advisor. The Turtlemint’s multilingual app also provides relevant analytics and information and support on lead management. Further, it also provides renewals and claims support.
  • Marketing: Turtlemint provides advisors with the relevant content for self-branding. It also provides insights on emerging opportunities in the market and shares marketing tools like brochures, posters, own profile, etc.
  • Value: These tools enable advisors to embark on their entrepreneurial journey. Most importantly, it is not simply a stepping stone, rather a guide throughout the journey. It can help advisors improve productivity and efficiency, reach a wider audience, and benefit from a better incentive structure. Overall, more value is likely to accrue to advisors.

The future is bright for India, and it’s the country’s micro-entrepreneurs, armed with their dreams and the right set of digital tools, who are going to write the next chapter in India’s growth story.

‘Necessity is the Mother of all Invention’ – The Advisor Story

COVID-19 has been tough on all of us. It upended the way we work and live and has, in some cases, precipitated irreversible change. One of the biggest changes that it has affected is in the way we work and interact with each other. Due to the social distancing norms that were mandated in an attempt to mitigate the spread of the virus, many of our interactions have now become digital in nature. Considering that a digital transformation was already underway across most industries, the pandemic only served to accelerate it further. This had widespread ramifications for insurance advisors.

Selling insurance has always been a very personal business. As an insurance advisor, you need to regularly meet with your clients and establish a relationship of trust. Many of these meetings are about educating clients about the different types of insurance policies that are available and handholding them through the insurance buying process. This means a great deal of paperwork and a 5 to 7 day issuance process. While this is the way the industry has traditionally functioned, due to digitisation in other industries, clients were already beginning to demand a more seamless insurance buying journey. With COVID-19, advisors were no longer able to physically meet their clients, leaving a big gap in the client interaction process. The only solution was digital in nature.

Turtlemint – enabling insurance advisors to become digitally ready

Even before the onset of the pandemic, Turtlemint recognised that the best way to empower insurance advisors and ensure that they continue to stay relevant in a changing economic and insurance landscape was to provide them with digital tools. The company launched its app before the pandemic in an attempt to transform the industry and democratize access to technology, thereby effectively digitizing all aspects of the advisors’ business.

With this, you don’t need to dig deep to find the true value proposition – it is out there, visible, and for you to easily capture. You can compare quotes, compare prices & offer the magic of choice to your clients. All this in just a few clicks. You stand out from your competitors, as you transform from being an agent, to a true financial advisor – who can advise your clients with the right solution. The app provides an intuitive experience and allows clients to compare amongst atleast 30 options and buy the insurance policy online. With the app, the advisor can offer multiple products, ranging from motor, health, and life insurance. It not only reduces the issuance timelines from approximately 6 days to almost zero, i.e., issuance of policy is almost instant, but also helps to improve claims settlement outcomes through its expert claims desk. Further, the app also has an in-built CRM that enables the advisor to focus on her business and identify areas of growth. More importantly, gives the advisor an opportunity to upskill through certification and skill enhancement programs. Considering all these advantages, it is easy to imagine how the app really came to the rescue of advisors during the pandemic when they were unable to step out of their homes and interact with their clients. As a matter of fact, Turtlemint advisors have witnessed a 2.5x increase in business by going digital.

Even though things have eased up a bit, digital interventions are here to say. Inarguably, Turtlemint advisors, who have already been engaging proactively with digital solutions, are likely to find this transition easy and might even be well-positioned to capitalise from it.

TAG 2021 Event – India’s Biggest Insurance Advisor Meet!

When the pride meets, there are likely to be resounding roars. And, that is exactly what happened at the Turtlemint Annual Grandstand -TAG 2021, one of India’s Biggest Insurance Advisors Meet with over 50,000 insurance advisors and their families across the country. The main purpose of the event was to bring together the entire tribe of insurance advisors and salute their animal spirits. In a tough year, insurance advisors have stood steadfast and forged ahead with determination. They have served as an inspiration at a time when even the optimists were beginning to become pessimists.

Given the reason for the event, it had to be unique and larger than life. Even though it was a virtual meet, it was designed to deliver a tangible experience. There was a stadium, helicopter entries, a large stage, and a lot of activities like photo booths, thought boards, quizzes, games, etc. Not just that, the evening of 17th July 2021 was made sweeter with the soulful performance of Kailash Kher, happier with the unstoppable laughter brought about by Bollywood comedian Sanket Bhosale, and insightful with the visionary ideas shared by two of the finest InsurTech leaders in the country – Dhirendra Mahyavanshi & Anand Prabhudesai.

In addition to entertainment, the event also recognised and lauded the contribution of Turtlemint advisors. Around 40+ advisors were awarded for their excellent performance in shaping insurance distribution in the country. Several advisors who had optimally leveraged digital tools to not only survive but thrive during the pandemic shared their success stories. These served as an inspiration to all and encouraged people to see the light at the end of the tunnel.

For Turtlemint, TAG 2021 was very special as it served as a reminder of how far the company has come. With a focus on shaping insurance distribution in India and with its network of over 1,50,000 insurance partners, the company is all set to bring the digital transformation the industry needs.

Here are few glimpses of the video below:


Entry Sequence of the Event:

Dhirendra Mahyavanshi (Co-Founder’s) Speech:

Anand Prabhudesai (Co-Founder’s) Speech:


Turtlemint joins the “Soonicorn club” by winning tracxn’s “Soonicorn Club Awards 2021”

Turtlemint has been awarded the  “Soonicorn Club Awards 2021” by Tracxn and it has joined the esteemed Soonicorn Club of India.

Tracxn is one of the world’s largest platforms for tracking startups and private companies across the globe. Tracxn platform is used by various Governments, Accelerators & Incubators, and Universities for tracking innovative companies and sectors.

The Soonicorn award series recognises the top companies which are Unicorns or have the potential to become Unicorns. Turtlemint has been showcased as a Soonicorn and is amongst the leading Fintech startups of India.

The Tracxn Soonicorn Awards is an initiative by Tracxn to publicly recognise the best of the companies across geographies and sectors. Apart from the well known Unicorns, they also identify companies which can soon be Unicorns (the Soonicorns) as well as the companies that have the potential to become Unicorns in the longer run (the Minicorns). The ratings are based on a detailed analysis by the internal sector specialist teams coupled with a combination of multiple publicly available signals such as market size, investment by marquee investors, execution excellence and future growth prospects.

Instruction Past the certificate

Winning this award is a great matter of pride for Turtlemint. The award is a testimonial of the hardwork and commitment of the Turtlemint’s team, the faith and support of the partners, customers and investors.

How Turtlemint Empowered the Insurance Advisors in India

Insurance is a very important and an equally personal subject. Typically, an insurance advisor would visit you at home and over a cup of tea and some Marie biscuits have a conversation with you about your need for insurance. You would discuss your family, your plans for your children, and even your concerns regarding who will take care of them if something untoward was to happen to you. Your insurance advisor will also begin to play the role of a trusted friend, one on whom you can rely for the right insurance advice. Thus, when it comes to finally buying the insurance policy most Indians would inevitably purchase it from their trusted insurance advisor. As a matter of fact, in India, almost 90% of the insurance policies are bought from advisors. This means that if Turtlemint wished to meet its goal of improving insurance penetration in the country, then it had to empower the insurance advisor. 

Typically, an insurance advisor faces several challenges which could range from lead generation and networking to educating the client and ensuring seamless on-boarding. At the same time, insurance advisors also need to constantly upskill themselves and be aware of the latest product and services in the insurance space in order to guide their clients more effectively. All these things can be extremely challenging, especially if you consider that each insurance advisor is basically a micro-entrepreneur who is running his / her own business. Turtlemint reviewed and understood the prevailing challenges and then envisaged easy and accessible solutions for insurance advisors by leveraging technology.

Through Turtlemint’s intuitive mobile app, insurance advisors have access to a wide variety of insurance products, customized recommendation tools, and a wide range of courses on financial products. In addition, the platform allows for instant online issuance, across 50+ insurers while reducing the average turnaround time to less than 10 minutes vs. the traditional market standards of 48 hours. Some of the innovative products that were launched included:

  • Providing insurance advisors with digital tools that can enable them to sell multiple insurance products of multiple insurance companies through one single and multilingual mobile application. 
  • Creating a seamless on-boarding process for insurance advisors along with online training, examination, and certification. 
  • Building a comprehensive online skill development program for insurance advisors. The program offers more than 70+ courses ranging from insurance advisor certification to personality development courses, sales skills, podcasts, etc.
  • Enabling the advisor to grow her business by providing access to a complete suite of products and information required to become a great insurance advisor. The company’s app also provides relevant analytics and information on lead management and shares marketing tools like brochures, posters, own profile, etc.

While these initiatives are the right step towards improving insurance penetration in the country, they also enabled people to embark on their own entrepreneurial journey, creating new advisors in geographies where no competitor had presence. Turtlemint recognised early on that the insurance advisor is the most important cog in the insurance wheel and if India is to move forward towards its dream of achieving universal insurance, then it is the advisors that need to be empowered with the right set of technology tools.

Goal 101: Deepening Insurance Penetration in India

When you say the word ‘insurance’ there are a couple of things that will come to mind. The first is inevitably protection. After all, insurance is what can get you through tough times. The other word that comes to mind is ‘challenging’. Most people know very little about the different types of insurance products that are available and therefore, find it challenging to buy insurance. In India, these issues have acted as a strong impediment to insurance penetration. As a matter of fact, insurance penetration in India is only around 3.7%. This is where we aimed to orchestrate change.

Turtlemint was established with an aim to improve insurance penetration in India and create a seamless insurance ecosystem where sizable value can accrue to every stakeholder. An assessment of key challenges revealed that lack of education on insurance products and access are two of the major factors acting as a deterrent to insurance penetration. Another factor which came up was the importance of insurance advisors in the ecosystem. When it comes to buying insurance, it is not just a commercial transaction. People like to engage with their advisors, discuss their requirements, and then purchase insurance. The insurance advisor brings with him/her an element of trust and dependability. Recognising this, Turtlemint focused on empowering the insurance advisor with the right set of digital tools and access to educational and upskilling resources.

The company pioneered the PoSP landscape and elevated the entire insurance ecosystem by empowering the most essential player, i.e., the insurance advisor. In an industry-first initiative, it focused on leveraging digital technology that can educate advisors, help them upskill, make client advisory and on-boarding process seamless, and help them give their clients the best advice. This offline-online model had widespread ramifications. Firstly, it helped improve insurance penetration by making insurance more accessible and easier to understand. And, secondly, it also stoked the entrepreneurial attitude of people and created new advisors in geographies where no competitor had presence.

To put that in numbers, Turtlemint has created more than 1,20,000 micro entrepreneurs with penetration in 14,000+ pin codes out of 19,000 pin codes in India and more than 1.5 million customers. It has also on boarded 50+ insurers. Additionally, over 10 Lakh+ people have installed the mobile application of Turtlemint while the company has served over 1.5 Lakh active insurance advisors and sold over 35 lakh policies. The company has 50+ branches across the country that serve advisors and in fact, there are barely any pincodes in the country where you will not find a Turtlemint Advisor.

While Turtlemint is well on its march towards achieving its goals, it is important to highlight that such success stems from an unflinching belief and focus on one’s goals and destination. Turtlemint has remained steadfast on its journey towards improving insurance penetration in India through technology tools that can empower advisors and make it easy for consumers to purchase an insurance policy.