Turtlemint Celebrates Milestone of 10 million Policies Sold,
Validates the Power of the POSP Model, and Aims for Deeper Insurance Penetration in India
Mumbai, June 11th, 2024: Turtlemint, a leading insurance distribution platform in India, today announced a significant milestone – surpassing 1 crore (10 million) policies sold. This achievement underscores a testament to the power of the Point of Sale Person (POSP) model and Turtlemint’s unwavering commitment to enhancing insurance penetration across India, especially in tier-2 and tier-3 cities.
Since its inception, Turtlemint has focused on empowering advisors with technology. This approach enabled them to create a robust distribution network spanning 17,000 pin codes across India, and reach a vast underinsured population. Notably, over 60% of Turtlemint’s business comes from beyond the metros, highlighting its extensive reach and impact.
“We are incredibly proud to reach this milestone of 1 crore policies,” said Dhirendra Mahyavanshi, Co-founder & CEO of Turtlemint. “This achievement is a testament to our unwavering commitment to making insurance accessible and affordable for everyone in India. By empowering advisors with technology and leveraging a robust distribution network, we are bridging the gap and enabling deeper insurance penetration, even to the last mile in India.”
With a focus on further growth, Turtlemint is actively working to onboard more advisors and achieve its ambitious target of 1 million advisors. The company is committed to supporting existing agents and prioritises long-term financial sustainability. Turtlemint sees immense potential for innovation across the insurance value chain. Turtlemint’s achievement of 1 crore policies sold marks a significant milestone in India’s insurance journey. By leveraging technology, strategic partnerships, and a commitment to empowering advisors, Turtlemint is well-positioned to further bridge the insurance gap and make insurance accessible to a wider population across India.
