Turtlemint awarded the “Insurtech Start-Up of the Year”

by Suman Gupta

Mumbai, 25^th August 2021: Turtlemint, India’s largest Insurtech platform, has been awarded the “Insurtech Start-Up of the Year Award” in the “11th Annual Entrepreneur Awards 2021” by Entrepreneur India. This award is a testament to the company’s long-term focus on improving insurance penetration in the country by empowering insurance advisors with the relevant digital and upskilling tools.

In the five years since its inception, Turtlemint has enabled customers to access and choose the insurance products that can holistically meet their requirements. It has partnerships with 50+ insurers for health, life, and motor insurance. Further, company is serving 1.5 million customers across Indian through its strong network of PoSP’s with more than 1,20,000 insurance advisors.

Turtlemint has launched multiple tools and initiatives that have made it easier for insurance advisors to understand insurance products, access the relevant information, educate the client about various solutions, and seamlessly onboard the client. The B2B2C model of Turtlemint has empowered and created micro entrepreneurs in more than 14,000+ pin codes out of 19,000 pin codes India. Additionally, its mobile applications act as a one stop shop for the insurance advisor. The advisor can take free online training and certification to become a PoSP (Point of Sales Person) with Turtlemint, compare and recommend the right policies, share education content with their clients, issue policies with ease and within minutes, and reap several more benefits.

Commenting on the honour, Dhirendra Mahyavanshi, Co-Founder & CEO Turtlemint said, “This award is a validation of the choices we made in terms of pioneering the unique offline-online model and comes at a time when we have just crossed the landmark figure of 1,20,000 insurance advisors on our PoSP network. We have always believed, and continue to believe, that India can improve its insurance penetration only by empowering insurance advisors with the right set of tools. The journey has only just started and we hope to play an even larger role in empowering insurance advisors and driving insurance penetration in India.”

Turtlemint’s success can, in part, be attributed to the fact that the company has stood steadfast in its aim to achieve universal insurance in India and has remained focused on envisaging the right set of solutions to achieve this goal.