Mumbai, June 12, 2024: Turtlemint, a prominent insurance coverage distribution platform in Republic of India, nowadays introduced a vital milestone – surpassing 1 crore (10 million) insurance policies bought. This fulfillment underscores a testomony to the ability of the Level of Sale Particular person (POSP) type and Turtlemint’s certain loyalty to improving insurance coverage penetration throughout Republic of India, particularly in tier-2 and tier-3 towns.
Since its inception, Turtlemint has curious about empowering advisors with generation. This means enabled them to develop a powerful distribution community spanning 17,000 pin codes throughout Republic of India, and succeed in a gigantic underinsured nation. Significantly, over 60% of Turtlemint’s trade comes from past the metros, highlighting its intensive succeed in and affect.
“We are incredibly proud to reach this milestone of 1 crore policies,” stated Dhirendra Mahyavanshi, Co-founder & CEO of Turtlemint. “This achievement is a testament to our unwavering commitment to making insurance accessible and affordable for everyone in India. By empowering advisors with technology and leveraging a robust distribution network, we are bridging the gap and enabling deeper insurance penetration, even to the last mile in India.”
With a focal point on additional enlargement, Turtlemint is actively running to enroute extra advisors and succeed in its progressive goal of one million advisors. The corporate is dedicated to supporting current brokers and prioritises long-term monetary sustainability. Turtlemint sees massive possible for innovation around the insurance coverage price chain. Turtlemint’s fulfillment of one crore insurance policies bought marks a vital milestone in Republic of India’s insurance coverage travel. By means of leveraging generation, strategic partnerships, and a loyalty to empowering advisors, Turtlemint is well-positioned to additional bridge the insurance coverage hole and construct insurance coverage available to a much broader nation throughout Republic of India.
About Turtlemint:
Based in 2015 via Dhirendra Mahyavanshi & Anand Prabhudesai, Turtlemint is a virtual platform designed to aid monetary advisors perceive and distribute insurance coverage to their nation of shoppers. The platform is helping monetary advisors right away fit each and every buyer with a collection of goods absolute best fitted to their distinctive wishes, via a virtual answer, thereby making advisors & their trade environment friendly. Turtlemint, a Mumbai-based insurance coverage advisor-focused startup, endmost tied $120 million in a Line E investment spherical led via Amansa Capital, Woodland Ventures, and Nexus Project Companions at a $900 million valuation, bringing the seven-year-old startup nearer to the unicorn tag, having raised $190 million thus far.
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