RenewBuy aims to solve this huge Motor Insurance under-penetration gap by strengthening its presence across the states by going deeper into the cities

RenewBuy.com, is all set to make a foray into Uttar Pradesh to solve under-penetration of motor insurance.

During his past seven years of owning a two-wheeler Nirmal Kaur could not find an agent in Delhi willing to renew his insurance policy. He feels the commission for renewing a lapsed policy is too low for anyone to be interested.

RenewBuy.com, an online motor insurance aggregator and broking firm, hopes to double its annual premium turnover to ?200 crore in the next two years with its proposed expansion to southern and western regions.

Amicus Capital, the growth-stage investment fund co-launched by former Carlyle Group managing director Mahesh Parasuraman, has struck its maiden deal, having invested Rs 60 crore in online insurance aggregator RenewBuy.

Driving without insurance is a big issue with two-wheeler, not merely because they usually have small-ticket policies. Can multi-year policies improve the situation?

RenewBuy, a web-based motor insurance platform today announced the launch of multi-year two-wheeler insurance plan in partnership with HDFC Ergo. This specially designed insurance policy covers the 2-wheeler owners against potential risks of theft, accidental damage, third party liability and others from one to three years period through a single policy document and provides host of benefits including no inspection even in case of lapsed policy.

RenewBuy, one of the fastest growing web-based motor insurance platforms in India, announced the launch of a multi-year two-wheeler comprehensive insurance plan in partnership with India’s leading motor insurer HDFC ERGO.

RenewBuy, a web-based motor insurance platform today announced the launch of multi-year two-wheeler insurance plan in partnership with HDFC Ergo.

RenewBuy, a web-based motor insurance platform in India today announced the launch of multi-year two-wheeler comprehensive insurance plan in partnership with India’s leading motor insurer HDFC ERGO.