Policybazaar (NSE: POLICYBZR) is an insurance aggregator and financial technology company. It offers an online platform where users can compare insurance policies and other financial services from various insurance companies. It also provides several types of insurance plans like life insurance, health insurance, motor insurance, travel insurance as well as group plans. The company was founded in 2008 and is based in Gurgaon, India.
Research containing PolicyBazaar
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned PolicyBazaar in 2 CB Insights research briefs, most recently on Jun 14, 2023.
Expert Collections containing PolicyBazaar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PolicyBazaar is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Excludes US-based companies
Latest PolicyBazaar News
Nov 27, 2023
Stock to watch: The domestic benchmark indices will remain closed on Monday, November 27 on account of Gurunanak Jayanti. Stocks to watch: Fortis Healthcare Limited to disinvest Fortis Malar Hospital situated in Chennai to MGM Healthcare, Representative image. Source: Pexels Stock to watch: Sensex and Nifty finished another volatile session largely unchanged on Friday, November 24, as weakness in IT and FMCG shares offset strength in financial names. The Nifty50 closed 7.3 points or 0.04 per cent lower at 19,794.7 while the Sensex lost 47.77 points or 0.07 per cent for the day to end at 65,970.04. The domestic benchmark indices will remain closed on Monday, November 27 on account of Gurunanak Jayanti. TRENDING NOW Bank of Baroda, India Overseas Bank: The Reserve Bank of India (RBI) has slapped penalties totalling Rs10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of norms. Fortis Healthcare: Fortis Healthcare Limited to disinvest Fortis Malar Hospital situated in Chennai to MGM Healthcare. The sale is estimated at around Rs 128 crore. Stock to watch: The domestic benchmark indices were closed on Monday, November 27 on account of Gurunanak Jayanti. Sensex and Nifty on Friday, November 24, finished another volatile session largely unchanged as weakness in IT and FMCG shares offset strength in financial names. The Nifty50 closed 7.3 points or 0.04 per cent lower at 19,794.7 while the Sensex lost 47.77 points or 0.07 per cent for the day to end at 65,970.04. Here are some stocks that will be in focus on Tuesday, November 28: Newgen Software: The board approved bonus shares for which the record date is January 12, 2024, and increased the authorised share capital of the company to over Rs. 180 crore. Cello World: The company announced its Q2 results on Saturday, November 25. The company posted a 4.6 per cent increase in net profit at Rs 86.6 crore against Rs 82.2 crore in the last quarter. MCX: As per the filing, with effect from October 16, 2023, the technology platform has been changed over to a new platform, for which the technology cost sharing is being finalised as per Transfer Pricing Norms, subject to confirmation from the Statutory Auditors. DLF: As per the company filing, the Enforcement Directorate (ED) on Friday raided DLF, a prominent real estate group in Gurugram, in connection with its money probe against another builder– Supertech Group, people familiar with the development said on Saturday. PB Fintech: The company has made further investment of over Rs 349 crore in Policybazaar Insurance Brokers Private Limited, a wholly-owned subsidiary of the company. Vascon Engineers: Kesoram: KPI Green Energy: The company received a new order of 4.66 MW for executing solar power projects received by Sun Drops Energia Private Limited under the ‘Captive Power Producer (CPP)’ segment of the company. Paytm: As per reports, Warren Buffett’s Berkshire Hathaway has exited Paytm by selling an entire 2.46 per cent stake. PNB Housing: The Board of Directors has approved the issuance of non-convertible debentures up to Rs 3,500 crore on a private placement basis, in tranches over the next six months. Eicher Motors: Maruti Suzuki: The company will increase the prices of its cars in January 2024, on account of increased cost pressure driven by overall inflation and increased commodity prices. (With agency inputs)
PolicyBazaar Frequently Asked Questions (FAQ)
When was PolicyBazaar founded?
PolicyBazaar was founded in 2008.
Where is PolicyBazaar's headquarters?
PolicyBazaar's headquarters is located at Sector 44, Gurgaon.
What is PolicyBazaar's latest funding round?
PolicyBazaar's latest funding round is IPO.
How much did PolicyBazaar raise?
PolicyBazaar raised a total of $633.78M.
Who are the investors of PolicyBazaar?
Investors of PolicyBazaar include Serum Institute of India, Ashoka India Equity Investment Trust, Triumph Global, Alpha Wave Global, 360 ONE and 21 more.
Who are PolicyBazaar's competitors?
Competitors of PolicyBazaar include InsuranceDekho, Acko, PolicyGenius, Digit Insurance, Turtlemint and 7 more.
Compare PolicyBazaar to Competitors
Turtlemint provides an online insurance platform. It offers insurance services from various providers, allowing users to compare different plans. It also provides car, bike, life, and health insurance. It was formerly known as Invictus Insurance Broking Services. The company was founded in 2015 and is based in Mumbai, India.
Coverfox helps people buy and manage their insurance. It offers products online for customers in categories like health, car, life, travel, and home insurance. The company was founded in 2013 and is based in Mumbai, India.
Easypolicy is an online insurance policy aggregator. It helps users compare and buy insurance policies from a variety of insurers. It provides a variety of insurance products, including health insurance, car insurance, travel insurance, and more. It was founded in 2011 and is based in Noida, India.
Digit Insurance provides digital insurance solutions. It offers an online platform for users to avail of various types of insurance services, including car insurance, life insurance, health insurance, and property insurance. Digit serves the financial sector. The company was formerly known as Oben General Insurance. It was founded in 2016 and is based in Bengaluru, India.
InsuranceDekho provides an insurance comparison platform. Its platform helps users compare motor, life, health & commercial insurance plans online. The company also has a network of 100,000+ partners who source business via offline customer interaction. InsuranceDekho was founded in 2017 and is based in Gurugram, India.
RenewBuy provides an online platform for auto insurance whose algorithm seeks to find the lowest premiums across insurers and shows customized results. It also offers insurance services such as health insurance, family health insurance, senior citizen health insurance, life insurance, term life insurance with spouse, motor insurance, and many more. The company was founded in 2015 and is based in Gurugram, India.