Rahul M Mishra,Co-Founder
Management of the savings account to securing the right policies have prevalently been the pain points of a middle class professional. Sometimes, it’s not the problem of capital that haunts an individual; it is the acute unavailability of proper platforms which can facilitate him manage the same. Rahul M Mishra& Pankaj Vashistha, with their profound experience and expertise in the insurance sector came up with the idea of Policy Ensurein October 2016 with the idea to provide a policy choosing platform especially for the Tier 2 and Tier 3 cities. “By 2016, we started making plans and it was by July/ August 2017 when we finalized the plan and started our operations”,says Rahul.
Although the insight of Policy Ensure was initiated in 2016, the framework came into being only in 2017 when we acquired the
"On an average Policy Ensure is gaining about 1200 customers a month and has grown 500 percent since its inception"
When it comes to the insurance sector, challenges are manifold. The primary one being the unavailability of insurance in the Tier 2 and Tier 3 cities and most of the parts of rural India. So, in line with the Ayushman Bharat Yojana which is aimed to provide health insurance cover to at least 40 per cent of India's population which is majorly deprived proper health insurance, Policy Ensure also wants to cater to this class of people and many others in tier 2/tier 3 cities and villages.
The Way Ahead
The insurance sector in India is under supervision of the Insurance
On an average Policy Ensure is gaining about1200 customers a month and has grown 500 percent since its inception. Rahul concludes,“Over the last 15 years our country has developed a large population which is unemployed in the Tier 2 and Tier 3 cities and we want to at least give them the opportunity to become their own boss and become insurance advisers and so that they can create their own business set-up.