Leading Indian auto vertical CarDekho has announced the launch of its online motor and health insurance platform named InsuranceDekho.

The Jaipur-based based company intends to offer an easy, instant and hassle-free insurance experience to its customers. It’s tied up with more than0 20 motor and health insurance providers, promising best-in-class post-sale support for claims and endorsements. The company hopes to reach one million policy sales per month in the next three years.

Girnar Insurance Brokers principal officer and CEO Ankit Agrawal underscored the challenges in the local insurance sector. “Insurance buying in India is often an opaque process where customers are not always aware of what they are paying for — both exclusions and inclusions. InsuranceDekho aims to make the process an educative experience and transparent through an advisory-led model.”

“We have created a strong customer experience team and developed proprietary technology to assist the customer through the life-cycle of the policy,” he added.

CarDekho CEO and co-founder Amit Jain said the service will add immense value across the digital auto ecosystem in India. According to Jain, the company has successfully catered to customers’ auto requirements for several years and hopes to achieve the same feat in insurance.

Founded in 2007, CarDekho enjoys patronage from Sequoia Capital, Hillhouse Capital, and CapitalG, among other reputed venture capital firms. The company sees around 40 million unique monthly visitors. Apart from raising $100 million in December 2018, CarDekho ended the 2018 financial year with 62 percent revenue growth.

The company is eyeing overseas expansion and a full-stack offering. In line with this, it’s bought auction-based used cars platform Carbiqi and filled several top-level management positions across all verticals. CarDekho is in direct contention with OLX India, CarWale and Droom.

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