Startup Stories

The Answer To All The Policy-Related Queries Is Insurance Samadhan

Insurance Samadhan

Working as a professional in India involves huge responsibilities. For example, a person who has recently joined as a newcomer will take time to understand the dynamics of salary, the tax structure, monthly/yearly deductions, etc. At the same time, a person who has been working for a long time will surely have much more knowledge about the basics of this but might not be up to date in terms of knowing all the current financial conditions in the industry.

Now, the people stuck in both categories, require some outside assistance to not prevent themselves from any sort of fraud in terms of investment, buying numerous policies through different agents, and getting scammed with their savings. This digital innovation is a very important thing but at the same time, it gives a very big platform to defaulters to ruin the mental peace of hardworking employees and play with their hard-earned money. In all this, the Insurance sector is one major thing.

Medical policies or education policies are important aspects that an individual thinks about buying as it is substantial for emergency cases. ‘Insurance Samadhan’ is an online space that will guide you through this hectic insurance scheme and policy with trust.

Shuruat of Insurance Samadhan

Company’s Legal NameFastsurance Consultants Pvt. Ltd.
Founding Year2018
Funds raised$2.4 million
Revenue5 crore

Insurance Samadhan is India’s most trusted platform for resolving insurance complaints. It is founded by five passionate individuals working towards empowering the unhappy insurance policyholder and getting their rightful insurance claim or the refund of the premium.

  • Mis-selling insurance is a common fraud that misleads a customer into buying an insurance policy on a false promise. Insurance Samadhan helps users in fighting against fraud and mis-selling. It is important to improve fraud losses and protect policyholders to get what they deserve.
  • In case of insurance claim rejections, the company guides the customers through the process of claiming settlement and helps with the formalities, assisted by an expert opinion.
  • Usually, customers ask for a claim when they are in urgent need of money and they end up receiving the incomplete claim amount, therefore a platform like Insurance Samadhan is needed to overcome such troubles.
  • While buying a policy, users tend to miss certain important information which they can be exploited after, Insurance Samadhan assists customers in identifying any mistakes or discrepancies, such as incorrect health conditions, lifestyle habits, contact information, or nominee details, within their life and health insurance policy documents.

The notable figures in this Impactful Insurance Management

Deepak Bhubaneshwari Uniyal is the CEO and co-founder of Insurance Samadhan. With 17 years of work experience in the insurance domain, he decided to resign from the post of AVP as an advisor to start his private wealth management unit. He is an expert in scaling and a creative problem-solving approach.

Shilpa Arora (COO and Co-founder) has a total of 26 years of experience with pharma and insurance companies along with heavy expertise and dedication in resolving people’s insurance queries and doubts.

Shilpa Arora

Ravi Mathur (CTO, Co-founder) possesses 14 years of experience in technology and innovation and leads the development and implementation aspect of the respective platform. Ravi was chosen one in 40 under 40 in 2021 by Fortune INDIA. He is a cricket blogger as well.

Ravi Mathur

Sanjay Agrawal (Legal Head, Co-founder) is a master’s degree holder from New York Law School. He is an expert in networking and a champion in IP and copyrights. With a vast amount of legal knowledge and experience, he ensures that the platform operates in compliance with the legal framework while safeguarding its customers’ interests.

Shailesh Kumar (Insurance Head, Co-founder) is a distinguished insurance professional and passionate consumer rights activist. He has a total of 43 years of experience in the life insurance industry. His deep knowledge of the products in the industry and the terms and conditions adds tremendous value in getting the resolution to the policyholder.

Optimum satisfaction and resolution to the users

In terms of insurance policies and schemes, people find it hard after a
point to believe the agents or look for a trustworthy and useful tangent
according to their preferences or previous bad experiences. When their
honest claims are rejected or they encounter dishonest administrators
misleading them on service-related issues, they get confused and lost.
Therefore, Insurance Samadhan:

    • Provides expert assistance to its clients so that they don’t find themselves alone in this chaotic process as well as making them understand the full technical details of the policy or scheme they are opting to purchase.
    • Wants to make a difference in the insurance industry where people always come and leave disappointed. Insurance Samadhan desires to see a positive attitude on their users ‘ faces when they talk about the insurance sector’s services.
    • Reviving the culture of customer satisfaction and valuation using making them heard regarding policy-related issues and their mental well-being.

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Sum-Up words of prosperity

Insurance Samadhan has had a remarkable journey since its inception. The company has successfully secured funding of 2 million dollars in a Series A round led by IIFL and has been certified as an eligible business by the inter-ministerial board. The Polifix app, with 10,000+ downloads on the Play Store and App Store, has received an overwhelming response from both customers and industry experts. The company looks forward to continuing its journey of innovation and growth and is excited to contribute to improving the insurance experience for individuals across the globe.


Frequently Ask Questions (FAQs)

1. Who are the founders of Insurance Samadhan?

Co-founder & CEO- Deepak Bhuvneshwari Uniyal, Co-founder & COO- Shilpa Arora, Co-founder & CTO- Ravi Mathur, Co- founder & Legal Head- Sanjay Aggarwal, Co-founder & Insurance Head- Shailesh Kumar.

2. What is the company’s legal name?

Fastsurance Consultants Pvt. Ltd. is the company’s registered name.

3. How much is the amount of initial funds raised by Insurance Samadhan?

The amount for funds raised stands at $2.4 million.

4. What is the monthly revenue generated by the company?

5 crore/ month is the estimated monthly revenue.

5. Where is the base location for Insurance Samadhan?

The company carries out its operations from Noida, Uttar Pradesh.

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