While working with US-based insurance giant AIG, Naval Goel realised that insurance penetration in India was one of the lowest, making it a huge untapped opportunity. The year was 2010 and he decided to return home to create a platform for insurance agents to sell motor insurance. With inadequate technology in the segment, Goel decided […]
Author Archives: Mandar Bakre
26
Apr
Apr
When a 40-year-old man died in his sleep at night, his wife, a professional in a high-pressure job, was overseas. She rushed back, but suffered trauma from the news and had to be institutionalised. The couple’s 12-year-old daughter was unable to access funds in the bank accounts being a minor. It was only when Inheritance […]
News & Analysis
Smartcoin: How this start-up is using technology to offer short-term loans to the unbanked
21
Apr
Apr
Smartcoin, an app-based consumer lending platform, was one of the several businesses that faced a lot of disruption during the pandemic. Even good borrowers who wanted to repay were unable or unwilling to do so. During the lockdown, they found that many borrowers were trying to hold on to cash because they were worried about […]
News & Analysis
BASIC Home Loan: How this start-up is tapping affordable housing loan segment in tier 2 & tier 3 cities
19
Mar
Mar
In a country where 60 percent of the loans are sanctioned in just Delhi-national capital region (NCR) and Maharashtra, it is obviously difficult for those in tier 2 and tier 3 cities to buy their dream home. The tedious home loan process and lack of bank branches in small towns has made it difficult for […]
