CarDekho launches online insurance platform

CarDekho has raised funding from marquee investors which includes Sequoia India, Hillhouse Capital, CapitalG (formerly known as Google Capital), Tybourne Capital, HDFC Bank, Axis Bank, Times Internet, Ratan Tata, and Trifecta.

CarDekho Group announced its foray into the motor and health insurance sector by launching InsuranceDekho, an online insurance platform. The online insurance platform has a tie-up with more than 20 health and motor insurance companies. InsuranceDekho offers easy, instant and hassle-free insurance experience to its customers.

CarDekho wants to make insurance buying easy for customers. Promising the best-in-class after sales support to help with claims and endorsements, the company has set a target of selling 10 lakh policies per month in the next three years.

Announcing the launch Ankit Agrawal, Principal Officer and CEO, Girnar Insurance Brokers Private Limited said “Insurance buying in India is often an opaque process where customers are not always aware of what they are paying for – exclusions and inclusions both. We want to make the process an interactive and educative experience by helping the customer understand what he is buying. InsuranceDekho will make the process transparent through its advisory-led model and provide the best-in-class post sales experience. We want to become a consumer trusted partner for all insurance-related needs.”

He further added “We have created a strong customer experience team and developed proprietary technology to assist the customer through the lifecycle of the policy.”

Says Amit Jain, Co-founder and CEO, CarDekho “We are delighted to announce our foray in online insurance business. InsuranceDekho is going to add immense value to the entire digital auto ecosystem which we have successfully created over the years. We have helped people buy the best suited cars for themselves and now they will also get to buy the best suited insurance.”