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Financial education leader LearnApp com partner with Tanmay Bhat
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How Max Life Insurance adopted a digital approach
Enter Max Life Insurance. As one of India’s largest non-bank private-sector insurers, the company has focused on creating an online channel where customers could go about buying policies without any intermediary.
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According to IBEF, the insurance industry of India has 57 players, and the overall market size of the sector in India is expected to $280 billion in 2020.
Traditionally, agents or banks sell life insurance policies to consumers. But with increased digitisation and restrictions due to the COVID-19 pandemic, it has become untenable for insurance agents to physically visit consumers.
[The Turning Point] How dropping out of college led this entrepreneur to launch edtech startup LearnApp
The Turning Point is a series of short articles that focuses on the moment when an entrepreneur hit upon their winning idea. Today, we look at the journey of Prateek Singh, Founder and CEO of Noida-based LearnApp.
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In 2007,
Prateek Singh, then 17, had to let go of a year of his college after his parents had to relocate to India from Malaysia. It was the middle of the semester and no school admitted him. Prateek was looking to make good use of his free time when his father casually asked him to start trading.