iGear Financial Services Launch MyInsuranceClub.com
Online, December 8, 2009 (Newswire.com) - Mumbai, December 9, 2009: iGear Financial Services Pvt. Ltd. has recently launched India's first online insurance aggregator and comparison service platform - MyInsuranceClub.com, bringing together end-consumers, insurance agents and under-writers. The platform meets the needs of end-consumers and insurance agents/brokers while addressing the distribution challenges for under-writers.
Announcing this, Deepak Yohannan, CEO, iGear Financial Services said, "Through a high-tech, analytics driven model, MyInsuranceClub.com is able to provide unbiased price and feature comparison for consumers; market information and education for insurance agents and a unique leads aggregation service for under-writers. It is far superior to what is otherwise commonly available."
He added, "There a few insurance comparison web sites in India but MyInsuranceClub.com is able to deliver a much more customer-friendly and easy-to-use platform. This is the result of MyInsuranceClub.com's partnership with one of the world's largest web usability companies."
What does MyInsuranceClub.com do?
For consumers: Buying an insurance policy is not an easy decision for anybody. This situation is made worse by the fact that there are many products from many companies with different features. Distinguishing one from the other is often difficult even for the financially savvy. MyInsuranceClub.com starts by breaking down the jargon associated with the insurance industry. It then offers an unbiased, independent and up-to-date search capability across multiple insurance providers and directs users to the insurer that best meets their individual requirements at the best possible price.
For insurance companies: To sustain the huge investments and marketing programs that Indian insurance companies are making they need to grow fast. A supply of high-quality prospective customers interested to buy insurance products is a critical enabler to the sales machines of the large insurance companies. MyInsuranceClub.com with its network of relationships with a large number of insurance companies, including LIC, ICICI Prudential, Aegon Religare, etc. is perfectly poised to address this need of the burgeoning Indian insurance industry.
For insurance agents: There are over 3 million insurance agents in India. Staying up-to-date on the latest market developments, regulatory positions and new product launches is a significant challenge. The more productive insurance agents are the ones who are constantly getting themselves educated and re-trained. MyInsuranceClub.com with its unique contents, educational material, news articles and alerts provides a powerful tool in the hands of the insurance agents.
The Team
Deepak Yohannan, an alumnus of IIM Calcutta co-founded MyinuranceClub.com earlier this year. Prior to this year he has held several senior management positions in leading financial services organizations such as GE Capital, CitiFinancial and Moneyline India. His co-founder, Manoj Aswani has a wealth of experience in the BFSI sector having worked for Moneyline, HDFC and CitiFinancial before joining hands with Deepak. Manoj holds a Bachelor's degree in Mgmt (Marketing) and Master's degree from Mumbai University.
For further information, please contact :
Troy Ribeiro, Litmus, +91 9920913035
troy@litmuspr.com