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GURUGRAM, India, Aug. 17, 2022 /PRNewswire/ — The MSME segment in India contributes nearly 32% of GDP and is the backbone of the economy. Currently, most insurance purchases by MSME segment are undertaken through a complex offline process due to the lack of full-service digital platforms to ease the buying process and it’s estimated that insurance penetration levels in MSME segment is ~5% only.
Finally, the wait is over as MSMEs and startup companies will now able to buy insurance products, such as fire or burglary insurance by choosing from multiple insurance providers on a digital platform. Post making the payment, the policy will be issued instantaneously.
SafeTree has developed a comprehensive digital platform wherein MSME and Start-up clients can review quotations from multiple providers and buy their policy within minutes, according to Mr. Vikas Anand, CEO – SafeTree.
“The seamless buying experience with minimal data requirements, instant policy issuance and complete service ecosystem is our value proposition” added Mr. Anand.
Safetree provides a complete ecosystem to manage all MSME insurance requirements from providing competitive quotations, risk advisory, underwriting, policy servicing and claims settlement. We would like MSME business owners to focus on their core business and outsource their insurance related matters to us, as per Mr. Anand.
Mr. Anand anticipates following trends regarding insurance in Indian MSME and Start-up segment –
Mr. Lalit Sharma, National Head – Corporate business informed about SafeTree’s Corporate Risk Profiler called Corporate Janampatri that provides a high-level assessment of an organization’s insurance needs in a minute. Mr. Sharma added that we want to improve the overall risk mitigation environment for the MSME segment by curating various awareness programs which include monthly newsletters and industry/product specific surveys.
Mr. Anand believes that by providing comprehensive insurance services on a digital platform will increase the insurance penetration and be a catalyst to drive India’s economy to greater heights.
About SafeTree.in
SafeTree is a registered trademark of A2V Insurance Brokers Private Limited, a licensed broker by IRDAI. The main objective of the firm is to protect individuals and corporate from financial risks through new, simple and innovative insurance solutions. They are currently developing tools which will change the buying of insurance products from reactive to proactive. To learn more about the Company and how it is planning to change insurance landscape do visit us at http://www.safetree.in
Media Contact
Bawa Mohit Singh
bawamohit.singh@safetree.in
Logo: https://mma.prnewswire.com/media/1864051/Safetree_Logo.jpg
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