InsuranceDekho and RenewBuy Merge to Create India’s Largest AI-Led Insurance Distribution Platform
InsuranceDekho and RenewBuy have announced a merger to create India’s largest AI-led insurance distribution platform.
InsuranceDekho and RenewBuy are merging to build India’s largest AI-led insurance distribution platform.
NEW DELHI: InsuranceDekho and RenewBuy said on Tuesday they have consolidated their businesses to form a single, pan-India insurance distribution platform, creating what the companies described as India’s largest AI-enabled insurance distribution platform by point-of-sale-person (POSP)-driven premium for the fiscal year ended March 2026.
The combined entity has a premium book exceeding ₹66,000 million, a network of more than six lakh digital partners, and distribution reach across 98.57% of India’s pin codes, as of March 31, 2026, the companies said in a joint statement. Since inception, the two platforms have together facilitated the issuance of more than two crore insurance policies, as of the same date.
InsuranceDekho and RenewBuy: Deal Structure
The merged business will operate under the InsuranceDekho brand. Ankit Agrawal, founder and chief executive of InsuranceDekho, will lead the combined entity. The founders of both companies will remain in the merged organisation, which the companies said is intended to preserve continuity in leadership and strategy.
The integration will bring together teams across technology, distribution, product and operations, according to the statement, which said the goal is uninterrupted service for customers and partners during the transition. The companies did not disclose financial terms of the transaction.
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InsuranceDekho and RenewBuy: Geographic and Technology Fit
InsuranceDekho has its strongest presence in northern and western India, while RenewBuy’s distribution network is concentrated in the south, the companies said, positioning the combined platform for pan-India coverage.
On the technology side, InsuranceDekho has developed in-house artificial intelligence tools that give partners real-time plan recommendations. RenewBuy contributes additional technology capabilities that the companies said will support automated partner onboarding. The combined platform is set to operate as an open, multi-insurer marketplace spanning motor, health, life and commercial insurance, with integrated digital onboarding, policy issuance and AI-powered advisory tools, according to the statement.
InsuranceDekho and RenewBuy: Executive Comment
“This coming together is a strategic step towards taking insurance to the last mile,” said Ankit Agrawal, founder and CEO of InsuranceDekho. “Our model has always been powered by our partners, and by backing them with a range of product choice, stronger tools and the support to grow their business, we deepen insurance access in the towns and villages of Bharat that need it most.” Agrawal said the immediate priority is “disciplined execution and seamless integration.”
Balachander Sekhar, CEO of RenewBuy, said the merger combines digital, technology and distribution enablement. “By pairing technology depth with skilled on-ground partner network capabilities, we can equip insurance partners with smarter tools and seamless digital experiences,” Sekhar said, adding that the aim is to bring insurance within reach of every Indian.
InsuranceDekho and RenewBuy: Regulatory and Workforce Notes
The combined entity said it will work with the Insurance Regulatory and Development Authority of India (IRDAI) and other stakeholders as it advances insurance access. The companies also said the consolidation would open expanded career pathways for the combined workforce across insurance, AI and distribution functions.
The companies said the unified entity’s distribution network and technology infrastructure are designed, over time, to support broader financial and enterprise services, with insurance remaining its core business.
InsuranceDekho and RenewBuy: Company Profile
InsuranceDekho operates what it calls an AI-native “phygital” distribution model, combining its technology platform with a physical partner network. The company says its platform supports more than six lakh digital partners across 98.57% of India’s pin codes and has served more than two crore customers as of March 31, 2026, offering more than 750 insurance products from 52 insurers across motor, health, life, travel and corporate lines.
