India's First Insurance Shopping Website Launched

Mumbai, Maharashtra, India

The day saw the launch of India's First Insurance Shopping Website in India offering the common customer complete Insurance solutions including online choice between leading Insurance companies, online purchase and claims assistance.

Insurancemall.in provides the common man with indigenously developed 'quote-engines' to compare, choose and buy Insurance online. The website also offers complete portfolio management (renewal auto- reminders to advisory) and claims assistance on policies purchased.

The website endeavors to give the common Insurance buyer complete power of information and decision making.

Speaking at the launch of the website - Insurancemall.in, Manish Jaiswal, Founder and CEO, Bonsai International Group, said, "The timing is ideal for Insurancemall to enter the Indian market. Besides witnessing 100% y-o-y growth, the Indian Insurance industry has been going through many transformations like detariffing, impending entry of new Insurance companies, launch of new products, which will create more choice for the Indian Insurance customer."

While all the products will be sold online, Insurancemall.in has set up an offline customer service and operations infrastructure to assist Insurance buyers shop as well take care of any claims.

Mahavir Chopra, Head - eBusiness said, \"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"

Through one of the group's subsidiaries, the website has also been scaled to USA - one of the most mature Insurance markets. "Our indigenous engine being completely flexible, we plan to scale the website with offerings from across the globe." said Niraj Jain, Principal Officer- Insurance.
About Bonsai International Group:

Bonsai, founded in 2004 is an integrated full service financial services group of companies into Insurance Broking and Money Changing. The website is part of Bonsai's vision to provide customers with tech-leveraged innovative solutions.

Headquartered at Mumbai and offices in Bangalore and New Jersey-USA, Bonsai has served over 200000 customers in the last two years through the offline medium.

More information at www.bonsaiinternational.com

Source: insurancemall.in (Business Wire India)

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