OneCircle ChampionTM to offer a range of insurance solutions across various companies to suit specific customer needs
PUNE(S.N): In alignment with the Government of India and insurance regulator’s vision of “Insurance for All by 2047”, OneCircle Insurance Brokers Private Limited is establishing a network of Point of Sales Persons (PoSPs) who will be identified, trained, and certified to provide advice and solutions on a range of insurance products. The PoSPs known as ‘OneCircle Champion’TM will be deployed across cities and rural areas, starting with the Pune region to offer insurance choices at the customer’s doorstep.
A Mumbai-headquartered Direct Broker for Life & General Insurance, OneCircle Insurance Brokers, will initially focus on renewal of Truck & Car insurance, a segment where insurance penetration can be further enhanced due to the rapidly increasing vehicle population. By identifying and training local persons to provide need-based advice and a comparison of relevant options to customers from various insurance companies, the Company aims to create an inclusive and impact-oriented initiative. Customers can select a policy of their choice and pay the premium directly to the insurer on their mobile phones with OneCircle ChampionTM assisting them through the process.
When purchasing or renewing insurance policies, customers often need personal advice to understand the various technical Terms & Conditions of the policies tied to the applicable insurance premium. The PoSP offers local advice and solutions at the customer’s doorstep using suitable technology tools to provide a hassle-free, paperless, safe, and smooth experience for selecting and purchasing the most appropriate insurance policy.
OneCircle ChampionTM will use a mobile-friendly technology to offer Truck & Car insurance solutions at competitive premiums to customers. OneCircle ChampionTM will also support customers for their service requirements, including any claims coordination with insurance companies.
OneCircle Insurance Brokers sold its first customer policy to Mrs. Sumitra Purohit, owner of a pick-up truck, through their OneCircle ChampionTM at Talawade, 35 kms from Pune.
Sumitra Purohit, first customer of OneCircle Insurance Brokers Private Limited, said, “I am happy to become the first customer of OneCircle Insurance Brokers by renewing the insurance of our family’s pick-up truck effective 26th January. Mr. Chintamani Chavan, OneCircle ChampionTM, provided us excellent advice and quotations from multiple insurance companies, and personally explained in detail each and every aspect of the options available for our insurance renewal. With such simplicity and clarity in explaining, the decision to go ahead with the insurance renewal was easy.”
Dr. Jaideep Devare, Co-Founder & Executive Chairperson, OneCircle Insurance Brokers Private Limited, said, “OneCircle Insurance Brokers was founded with a deep desire to build a purpose-driven, profitable, and impact-oriented organisation for fulfilling our Core Purpose of ‘Protecting Lives and Livelihoods through Insurance’TM. We aim to improve accessibility and affordability of insurance in Tiers 2-4 cities and rural India, thereby contributing to the vision of ‘Insurance for All by 2047’. Team OneCircle is committed to expanding insurance penetration through innovation and co-creation of customer-centric, affordable, and transparent insurance products and solutions.”
Richard Clement, Co-Founder, CEO & Principal Officer, OneCircle Insurance Brokers Private Limited, said, “We are delighted to launch our Point of Sales Person (PoSP) program called ‘OneCircle Champion’TM in Pune, starting with Truck & Car Insurance. The brand ‘OneCircle Champion’TM celebrates the entrepreneurial spirit of PoSPs who strive for excellence by understanding customer needs, offering the right advice and solutions, thereby building a strong local customer community.”
Shobhit Gandhi, Co-Founder & Chief Financial Officer, OneCircle Insurance Brokers Private Limited, said, “Our market surveys and stakeholder discussions revealed significant gaps in customer awareness of insurance providers, product options, and policy terms and conditions. At OneCircle Insurance Brokers, we aim to bridge this gap and increase insurance penetration by offering in-person advice to customers through our ‘OneCircle Champion’TM with the use of technology, which is seamless, transparent, and secure for our customers.”
OneCircle Insurance Brokers plans to expand to other geographies, offering more insurance products and increasing insurance company partnerships in the next few months.