Simplification will be a big force in driving insurance demand: Sarbvir Singh, Policybazaar
''The first four months of the financial were very robust and we were growing at 50% plus in that period. The next four months, the demand was muted and our growth rates were in the 20-30% range.''
Policybazaar, which accounts for roughly half of India’s internet-based insurance purchases, is expecting to clock a growth 30-40% for the financial year 2021. This will be against an average growth of 50% over the last few years. The insurance aggregator’s chief executive officer, Sarbvir Singh talked to Mint about the challenges that the covid-19 pandemic posed during his first year at the company, the next big thing in the insurance sector and the company’s key focus areas. Edited excerpts: