The merged entity could have greater than Rs 6,600 crore of premium, over 600,000 digital companions and protection throughout 98.57% of India’s postal codes, primarily based on knowledge as of March 31, 2026. The 2 firms have issued greater than 20 million insurance coverage insurance policies since inception.
The enterprise will function beneath the InsuranceDekho model, with founder and Chief Govt Officer Ankit Agrawal main the mixed entity. The founders of each firms will stay with the group.
The transaction combines InsuranceDekho’s presence in northern and western India with RenewBuy’s community in southern markets, the businesses stated. The platform will distribute merchandise from a number of insurers throughout motor, well being, life and business insurance coverage.
The mixed enterprise plans to combine digital onboarding, coverage issuance and AI-based advisory instruments, whereas automating components of the method for its community of companions.
InsuranceDekho has developed in-house AI instruments that present companions with real-time insurance-plan suggestions. The corporate stated combining these capabilities with RenewBuy’s know-how platform would strengthen its distribution infrastructure.
The businesses didn’t disclose monetary phrases of the consolidation. The consolidation comes as insurers and distributors more and more use know-how and wider accomplice networks to broaden penetration past India’s main cities.
