OneInsure

OneInsure

App-based comparison platform for life and health insurances

Founded

2008

Headquarters

Mumbai (India)

Status

seed

Company Details

Website

Socials

Email

Phone

+91-8655986559

OneInsure is an Indian insurance technology company that operates as an online platform for various insurance products, including life, health, and general insurance. Founded in 2008 by Ajay Bansal, OneInsure is a part of Robinhood Insurance Broker Pvt. Ltd., which has a strong presence across 34 major cities in India. The company aims to simplify the insurance purchasing process and enhance customer experience through technology.

One-liner Service

Comprehensive online platform for comparing and purchasing insurance products.

Business Model

OneInsure operates as an insurance aggregator, allowing users to compare and purchase policies from various insurance providers. The platform focuses on providing personalized advisory services and aims to enhance customer engagement through its digital solutions. Revenue is generated through commissions from insurers for policies sold via the platform.

Products and Services

OneInsure offers a wide range of insurance products, including:

  • Life Insurance

  • Health Insurance

  • Motor Insurance

  • Travel Insurance

  • Critical Illness Insurance

  • Personal Accident Insurance

  • Pension/Retirement Plans

  • Child Plans

  • Insurance Claims Services

Differentiation

OneInsure distinguishes itself through:

  • Customer-Centric Approach: Focuses on providing personalized attention and intelligent advisory services.

  • Technology Integration: Utilizes technology to streamline the insurance buying process and improve user experience.

  • Wide Range of Products: Offers a comprehensive selection of insurance products from leading insurers.

  • Strong Advisory Team: Backed by a knowledgeable team with extensive experience in the insurance sector.

Key People

Ajay Bansal

Mukta Bansal

Key Metrics

Total Equity Funding

$3.06 million

No. of Funding Rounds

4

Latest Funding Round

$205.0K, Angel

as of October 29, 2018

Post Money Valuation

$3.86Million

as of N/A

Funding Multiple

4.55

as of N/A

Investors

Mathew Cyriac

and 5 more

Employee Count

443

Similar Companies

CreditWise Capital

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
October 29, 2018Angel$205.0K$3.9Million$2.0Million 1.9x-
September 11, 2014 Seed $591.0K$4.1Million$1.0Million3.5xDivine Venture
June 16, 2014Angel $125.0K$4.2Million $957.0K4.2x-
March 28, 2012Seed$2.1Million$5.3Million-- Divine Venture

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