Founded in 2019 by Amit Boni, Rohit Sadhu and Vikas Ranga, Ensuredit aims to disrupt the insurance coverage sector and unlock the next chapter of its improvement by utilising the energy of technologies. To realize this, it focuses on enhancing the sales force when enabling insurance coverage players to onboard a higher quantity of insurance coverage makers and channel partners. Recently, Venture Catalysts, a speedy-developing integrated incubator and accelerator, led a Rs 2.5 crore pre-Series A investment in Ensuredit. The platform aims to leverage the capital infusion to establish its position as a industry leader by bolstering its tech infrastructure and outreach, stated Amit Boni, founder & CEO, Ensuredit.
Leveraging its ‘Platform as a Service’ company model, the platform is committed to assisting brokers, corporate agents, IMFs, and insurers to bolster their income generation, Boni stated. “Ensuredit’s vision is simple: To digitally transform the Indian insurance industry using our AI-based, API-integrated platform and deliver a more enhanced customer experience to all the stakeholders across the sector. Venture Catalysts’ support and confidence in our idea gives us the much needed motivation for making greater strides in our journey. We intend to use the funding to hit our next growth curve by significantly expanding our technology team and outreach capabilities.”
The industry that Ensuredit is addressing is valued at $one hundred billion. Apoorv Ranjan Sharma, co-founder & president – Venture Catalysts, stated, “Using an AI-powered platform for empowering customers and insurance intermediaries is an innovative approach with great disruptive potential. Their robust IP, backed by the relentless dedication of the founding team, makes us confident in our investment.”
Ensuredit’s API-integrated platform delivers access to AI-powered distribution technique, streamlined workflows, open APIs, and AI primarily based analytics suite for a transformational buyer knowledge. Its variety of services consist of agent on-boarding, quote generation, processing payments, policy insurance coverage and comparison, identifying cross sell and upsell possibilities, and creation of proposal.