InsuranceDekho, RenewBuy announce merger to build pan-India insurance distribution platform
The combined entity will now have a pan-India presence and it booked Rs 6,600 crore insurance premiums in FY26.
Insurtech firms InsuranceDekho and RenewBuy are merging to create a pan-India insurance distribution platform. The new entity will leverage InsuranceDekho's presence in northern and western India along with RenewBuy's network in the south. Combined, the companies will manage a premium book exceeding Rs 6,600 crore, serve 98.57% of India's pin codes, and operate with more than 600,000 digital partners as of March 31, 2026.
The merged business will continue to operate under the InsuranceDekho name, led by InsuranceDekho's founder, Ankit Agrawal. Both founders of the original companies will remain in leadership roles to maintain continuity in strategy. Together, the startups have helped issue over two crore insurance policies since their inception. Ankit Agrawal stated that the merger will focus on executing with discipline and integrating seamlessly.
The new platform will utilize the combined companies' technology strengths, including automated partner onboarding through digital onboarding, policy issuance, and AI-powered advisory. Balachander Sekhar, CEO of RenewBuy, added that the merger combines technological depth with a skilled on-ground partner network to make insurance accessible to all Indians.
InsuranceDekho's portfolio includes motor, health, life, travel, and corporate insurance across 52 insurers, with 750+ products. Funding for the companies came from Beams Fintech Fund and Mitsubishi UFJ Financial Group for InsuranceDekho, and Dai-ichi-Life Holdings for RenewBuy. Both startups are based in Gurugram.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
