Pune-based DigiSafe Broking, a bootstrapped local digital insurtech startup, is set to launch its services across India. DigiSafe aims to bridge the glaring gap between the urban and rural areas for curated insurance products with an aggressive insurance penetration. The brand will bring simplified and affordable products that span across Motor, Health, Livestock, Crop and Life Insurance for people living in the rural areas at their doorsteps. DigiSafe received its IRDA License and commenced its physical operation in September 2021.
DigiSafe will empower rural people including farmers by supporting them to make informed decisions and increasing employment opportunities and revenue. It has been conceptualised on the decade-long extensive research and analysis done by its founding team who explored the crop insurance segment across several states in India and concluded their observational analysis in a localised survey under the Flagship Agri Insurance Scheme, PMFBY.
In its endeavour to serve rural India by eliminating the challenges faced by the people who commute vast distances for basic services, DigiSafe aims to offer several provisions like:
· DigiOne (Our Network Entrepreneurs): A partnership program between DigiSafe and their channel partners that will identify, train and develop a team of certified point-of-sale persons (PoSPs) for insurance distribution through a combination of physical and digital modes. DigiSafe will leverage its geographical reach in rural areas across India and will gradually move towards Tier 2 and Tier 3 semi-urban markets to maximise the impact of DigiOne. This model will be regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and will assist clients with pre-sales, post-sales, and claim services.
· 1 Gram Insurance: Focusing on ‘one village, one entity’, DigiSafe will extend insurance cover to each and every household of the village with 1 Gram Insurance Concept. It will distribute through phygital model and relies on the agriculture technology data and data from the community. DigiSafe creates rural entrepreneurs by selecting a local from each region who becomes an underwriter and provides relevant policies for the day-to-day lifestyle needs of the people in that region.
· Mera Assistant App for rural people: DigiSafe is establishing its virtual portal and will soon introduce an application called Mera Assistant App for rural people. It will serve them as their decision support system by gathering information from the field, community, and agricultural data. The application will keep its users up to date with weather, crop advisory, a predictive analysis insurance dashboard, and government initiatives. These features will aid its users with mitigating their risks and focusing more on revenue generation.
Enthused about the launch, the young and dynamic founding team of DigiSafe, Mallikarjun Kukunuri, Suman Roy Choudhury, Anupam Shrey, Rajat Dhar, and Ashwin Arora, said, “As India becomes synonymous with progressivism, the daily life of people in the economically backward regions remains a struggle. We understand their challenges concerning social and financial security as there is a constant uncertainty that looms over their livelihood. DigiSafe is our collaborative attempt to extend quality insurance solutions and spread awareness to the masses in rural India regarding a variety of products that are relevant to their requirements. We envision becoming a complete support ecosystem for rural Indians by ensuring a high-speed claim settlement and end-to-end assistance at their doorstep.”
DigiSafe is on its way to becoming the most trusted brand for rural India. Its practices are in line with the Honourable Prime Minister’s Vision of Vocal for Local and will create a measurable impact across all pin codes of India in the next few years.
To know more, please visit: digisafe.co.in.
DigiSafe Broking is an Insurtech startup that recognizes the need for Insurance Penetration in rural India. DigiSafe intends to be the local digital insurtech for the economically backward areas in India, where they can offer their simplified products of Motor, Health, Livestock, Crop and Life Insurance. This Pune-based firm has registered itself in the market in November 2020 and plans and launched its physical operations in September 2021.