NewswireToday - /newswire/ -
Mumbai, Maharashtra, India, 2007/03/04 - Insurancemall.in provides online comparison, buy and advisory services in India for Insurance.
Bonsai International Group CEO Mr. Manish Jaiswal said “In the de-tariff age where prices and product features would be the prime differentiating factor, insurancemall.in would be the first mover to offer compare and buy service on the web platform to the general public”
The portal would also allow a customer to manage its insurance portfolio online which means the customer would get free e-advice on its Insurance portfolio in addition to services like renewal reminders.
The portal currently offers Health, Personal Accident, Travel and Home Insurance. Principal Officer Mr. Niraj Jain says “The journey has just begun. We intend to unleash motor and offer many tailor made products in non life & life lines to the customers by end March 2007”
Another unique service on offer is the Manage your claim feature – which will provide claims assistance for policies bought on the website.
“E-distribution of Insurance is still to take off in India with only 2 insurance companies offering online issuance. We intend to help net enable the entire offline Insurance industry for the customer” says Mr. Mahavir Chopra, CFO.
He further said " we would like to learn from the big and sucessful daddies times of india, makemytrip, rediff, google, you tube, sulekha etc."
Founded in 2004, Bonsai International Group (BIG) is a professionally run, integrated enterprise into Financial (Insurance Broking & Foreign Exchange) and Travel (IATA accredited) related services. It operates through 7 branches in all Metros across India with a liaison office in the USA. Bonsai business model is unique because the 3 distinct businesses (Travel / FX and Insurance), runs on exclusive statutory licenses, a huge entry barrier.
Insurancemall.in has been conceptualized and implemented by Bonsai Insurance Broking Private Limited. Bonsai Insurance Broking Pvt Ltd. (part of the Bonsai International Group) managed by a team of qualified professionals, is an IRDA licensed Direct Broker since 2005.
BIB since inception currently is into Retail Distribution of Insurance & Risk Management, in addition to consulting medium and large sized companies on their General Insurance portfolio.
Next in line of its long run mission, BIG’s subsidiary Bonsai Financial Services Pvt. Ltd. is designing its path breaking website on Foreign Exchange – which will be unveiled in April 2007.