Pune , September, 2023: In a bold move towards enhancing customer-centric insurance services, Lords Mark Insurance Broking Services Pvt. Ltd., a subsidiary of Lord’s Mark Industries is proud to announce the launch of their innovative digital platform, ‘’Bimaakawach’’ providing Life Insurance, Health Insurance and General Insurance policies. The digital platform, Bimaakawach, certified by IRDAI, is well audited, equipped by latest cyber security while providing expert opinion to redefine the insurance landscape. The platform provides hassle-free, user-friendly experience targeting over hundred corporates and more than a million retail clients through their digital and retail wings seeking comprehensive insurance coverage. Their core services encompass sales, consultancy, counselling, and efficient claim settlement, ensuring that clients receive expert guidance at every stage of their insurance journey.
As a prominent direct insurance broker, Lord’s Mark Insurance Broking is currently engaged in discussions with a multinational insurance company to establish an innovative partnership aimed at delivering comprehensive insurance services.
Commenting on the launch Mr. Raghav Santosh, Managing Director of Lords Mark Insurance Broking Services Pvt. Ltd. “Within India, a mere 6% of individuals currently possess Insurance policies or coverage, indicating a substantial 94% segment that remains untapped. Our principal objective is to depart knowledge while creating awareness of the insurance options. Through Bimaakavach, our strategic initiative seeks to penetrate this vast potential market given the medium of digital-ease. We are delighted to launch such a platform that will cater to the holistic needs of the clients with an array of suitable insurance policies.’’
The innovative portal, Bimaakawach epitomizes simplicity, convenience, and comprehensive insurance coverage, the portal’s payment options are equally hassle-free, offering multiple choices such as UPI, Pay Phone, Google Pay, internet banking, debit card, and credit card, making transactions convenient for users. The portal is also accessible to individuals who are unemployed or underemployed, offering them an opportunity to generate income through the role of Point of Sale Person (POSP). This initiative aligns with our commitment to social responsibility by providing employment opportunities to people living in remote areas of India.
Lords Mark Insurance Broking Services Pvt. Ltd. is dedicated to enhancing their portal’s offerings further, with plans to incorporate free insurance news bulletins and a self-risk assessment window. The platform will also feature comprehensive company-wise and product-wise policy comparisons, enabling users to make informed decisions based on risk coverage and pricing. In the near future, we will be introducing premium funding options for clients with a strong credit history who may be facing liquidity constraints that prevent them from timely policy renewals or purchases.
The company’s expertise lies in providing insurance services under the categories such as Term Insurance, Investment Plans, Vehicle Insurance, Health Insurance, marine & hull insurance, property insurance, contractor all risk cover and other liabilities Insurances. A separate vertical is also working for Agriculture Insurance like as crop insurance, cattle insurance to inculcate the insurance culture in rural areas.