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₹3,016 crore paid in term insurance claims to Policybazaar customers since 2018

Gurugram (Haryana) [India], July 17: Marking another significant breakthrough in delivering on the true promise of insurance, Policybazaar has facilitated over ₹3,016 crore worth of term insurance claims since 2018. Despite being one of the most essential tools for financial protection, term insurance remains significantly underpenetrated in India. Low awareness and concerns around claims settlement remain among the biggest barriers to adoption. Seen in this context, this milestone reinforces consumer confidence in term insurance and reflects the growing trust in digital-first claims assistance.

Jul 17, 2026