About Us

India is a country, where there is a latent need for insurance, but supply has always been a gap. Though insurance penetration inched up over the years, it was still significantly low, compared to consumer need and outreach. While consumers in top tier cities still had some access, the challenge existed in ‘Real Bharat’; where there was a lack of information, lack of insurance offices, mis-selling of products; thus, making the insurance demand-supply gap more rampant.

Founded in 2015, by Balachander Sekhar and Indraneel Chatterjee, RenewBuy was born to mitigate the demand-supply gap for insurance, especially in the smaller towns and cities. With its agent led digital-driven model, RenewBuy became a pioneer in the InsurTech space making the entire concept of branch led insurance model redundant. RenewBuy is the outcome of the vision of – Making Insurance simple and accessible to all.

RenewBuy’s consumers can select from a choice of insurers, compare prices and features, buy Insurance in a hassle-free manner; all advised and guided by RenewBuy’s trained POSP advisors, who support them at every step of the insurance process. Consumers can select insurance from 35+ leading insurance companies, across motor, life and health insurance. The entire insurance process is paperless, contactless and insurance policies are issued instantly. With thousands of POSP advisors, spread across the country, RenewBuy is changing the Indian Insurance landscape.


 Here is what only RenewBuy offers you:

  1. Lowest premiums for your Motor, Health & Life Insurance
  2. 1-Click Renewal
  3. Buy Policy in 3 easy steps
  4. Expertise and advice to help you choose the right company and the right insurance type
  5. Claim assistance



Balachander Sekhar


Balachander Sekhar, Chief Executive Officer

Bala is an alumnus of IIT Mumbai and IIM Calcutta. He has over 22 Years of experience across various leadership and business roles in FMCG, Banking, and Insurance and has been successful in setting up new businesses from scratch in 2 different organizations.

Bala is passionate about technology & innovation and is known to catch market trends early. Before setting up RenewBuy, Bala has been the CMO of PNB MetLife, CEO of Reliance Retail Insurance and Head Bancassurance ABN AMRO.


Indraneel Chatterjee

Indraneel Chatterjee, Chief Operating Officer

Indraneel is an alumnus of Symbiosis, Pune. He has over 20 Years of experience in the Product, Pricing, Strategy and Sales domain.
He has previously worked as a Product & Strategy Head – MetLife, Business Head – Motor in Reliance Retail Insurance, Product Manager – American Express & Product Manager – ICICI Prudential Life Insurance.

Devesh Joshi


Devesh Joshi, Chief Marketing Officer

Devesh has been a marketing professional for more than 18 years. He studied Mechanical Engineering and completed the Managerial Development Program from IIM (A). He has worked across categories in roles ranging from Business, Marketing & Communication Strategy. He has worked with leading companies like MetLife India, Aviva Life Insurance, JWT (Thompson Connect) and Publicis Group.


Harman Preet


Harman Preet Singh, Chief Business Officer

Harman is B.A (Hons) Pol Sc. grad. from Delhi University.
He is an insurance sales professional and holds more than 20 years of experience in Retail Sales. Previously he has served ICICI Lombard, as Zonal Sales Manager, General Manager-Sales in Thomas Cook, Sales Manager-Sales in Max New York Life Insurance and Territory Sales Leader-Retail Sales, American Express.


Sachin Bawa


Sachin Bawa, Chief Distribution Officer

Sachin has about 21 years of experience in Insurance distribution, mainly in Life Insurance and Health verticals. This is at the centre of RenewBuy growth strategy, where after building a strong motor portfolio, the company has to massively increase the Health and Life business. While Sachin has a lot of experience running Agency in top rated companies like HDFC Life, where he spent 12 years, and Apollo Munich Health for 6 years, he also has well versed in running digital virtual channels, Bancassurance and distribution strategy.


Sulbha Rai


Sulbha Rai, Chief People Officer

Sulbha is Bachelor in Electronics & Communication Engineering, postgraduate in Business Management. She has more than 13 years of experience in multiple roles within HR at Ernst & Young and has served organizations like Big4s, Consulting Firms, Start-ups, and SMEs in her career.


Sudesh Bainsla


Sudesh Bainsla, Head of Engineering

Sudesh is a technologist with more than 17 years of experience in designing, building and managing systems in multiple technologies including python, java and dotnet.

His earlier stints were with companies like Globallogic and Infosys.



We have been issued an Insurance Broking License by the Insurance Regulatory and Development Authority of India (IRDAI)


Broking Firm Name D2C Insurance Broking Pvt Ltd
License No 505
License Code IRDA/DB 571/14 (See License Document)
Principal Officer Mr Harinder Pal Singh Chugh

RenewBuy Building, 1st Floor, Plot No-94, Sector 32, Gurugram, Haryana 122001



Category of Certificate 

Direct Broker (Life and General Insurance)

Email of Applicant


License Validity




Notice of AGM with explanatory statement_D2C Insurance Broking