T

Turtlemint

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Company Research Report: Turtlemint Insurance Broking Services Pvt Ltd



Company Overview



  • Name: Turtlemint Insurance Broking Services Pvt Ltd

  • Mission: To bring complete transparency to insurance buying and ensure that smart customers are happy customers.

  • Headquarters: The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai – 400099, Maharashtra, India

  • IRDAI License No.: 487

  • Principal Officer: Vilas Gandre

  • Key People: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • What is the company known for: Turtlemint is known for creating the largest insurance advisor network in India and providing a platform that allows customers to compare quotes from over 45+ insurers, choose suitable policies, and manage claims with ease.

  • Founders: No specific founder information is provided

  • Founding Year: No information is available


Products



Insurance Types Offered


  • Car Insurance:

  • Key Features: Coverage includes third-party liabilities, own damage, and comprehensive coverages.

  • Bike Insurance:

  • Key Features: Coverage includes third-party and own damage policies, with options to renew easily.

  • Health Insurance:

  • Key Features: Policies that cover pre-existing diseases, no claim bonuses, and cashless hospital treatments.

  • Life Insurance:

  • Key Features: Options for deferred annuities, tax benefits under Section 80D, and covering different life stages and requirements.


Product Descriptions


  • High-level Description: Turtlemint offers a range of insurance products, including bike, car, health, and life insurance. These products are offered through a digital platform that simplifies buying, comparing, and managing insurance policies.


Recent Developments



  • New Products & Features:

  • Cashless Hospital Treatment: Expansion in health insurance to offer cashless treatment options widely across hospitals.

  • Awards and Recognition: Turtlemint has been recognized with several awards, including "InsurTech Company of the Year" and "Best Fintech Startup" by Entrepreneur India.

  • Partnerships: Expanded network to over 45+ insurance partners.

  • Other Developments:

  • Through a focus on upskilling micro-entrepreneurs and its innovative online-offline model, Turtlemint has significantly bolstered its advisor network.


Additional Information



  • Customer Base:

  • Over 45 lakh happy customers.

  • 1 crore+ policies sold.

  • Advisor Network:

  • Over 3 lakh trained advisors.

  • Corporate Social Responsibility (CSR):

  • Initiatives: Focus areas include eradicating hunger, promoting education, gender equality, and environmental sustainability.

  • Recent CSR Activities: Support for disaster management and relief activities, as per their CSR reports for 2022-2023 and 2023-2024.


Conclusion



Turtlemint is a pioneering insurtech company that has effectively leveraged digital technology to provide insurance services and build a vast network of advisors. Its mission to enhance transparency and simplify insurance buying has been recognized through numerous awards and a growing customer base. The company continues to innovate its offerings by expanding its product features and engaging in meaningful CSR initiatives.