Safetree, an Insure Tech, makes a good beginning in insurance premium collection

NEW DELHI, April 9, 2021 /PRNewswire/ -- Safetree, a Delhi-based insuretech start up has made a good start in the premium collection for the period ending 31^st March 2021. The startup, which is bringing new innovative tools for risk protection, has clocked a premium collection of over Rs. 6 crores within 8 months of commencement of business. The Company is associated with over 25 insurance companies and has sold close to 4000 polices during this period.

The Company has over 1100 Point of Sales Agents across over 350 cities and towns in 24 states of the country. The Company currently provides digital platform on both mobile and web to its agent to generate quotes and issue motor and two-wheeler policies on a real time basis and is in the process of the integration for health and life products with insurance companies.

''In addition to training our POS agents on insurance concepts and products, we do provide special emphasis on educating them on concepts of risk and risk mitigation so that they can sell products based on the risk appetite of the customers,'' said Vikas Anand, co-founder and CEO of the start up. He mentioned that the Company has developed a unique tool called 'Risk Janampatri' which calculates risk profile of the customer on a real time basis.

Mr Anand mentioned, ''While due to Covid, we have seen increased demand for health and life products in last one year, but overall penetration of insurance products is still extremely low. Hence the Company uses innovative means including embedding insurance with other retail products to increase the penetration of insurance products."  Elaborating further on the plans of the Company for the current financial year, he stated "we are planning to increase the number of agents to around 10,000 during current financial year and increase our presence in newer areas of insurance such as professional liability, cyber insurance and home insurance etc."

Visit www.safetree.in to know more about us.

About Safetree.in

Safetree is a registered trademark of A2V Insurance Brokers Private Limited, a licensed broker by IRDAI. The main objective of the firm is to protect individuals and corporate from financial risks through new, simple and innovative insurance solutions. They are currently developing tools which will change the buying of insurance products from reactive to proactive. To learn more about the Company and how it is planning to change insurance landscape do visit us at safetreee.in