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InsuranceDekho merges with RenewBuy to form an AI-enabled distributor

The combined business reported a premium book of more than ₹6,600 crore, or about $750 million, and covered 98.57% of India’s postal codes as of March 31, 2026.

Reported · Written up by our desk · Industry & Deals

InsuranceDekho and RenewBuy have merged to create an AI-enabled insurance distribution business that will operate under the InsuranceDekho brand, according to Coverager.

The combined entity reported a premium book exceeding ₹6,600 crore, about $750 million, with more than 600,000 digital partners, and coverage across 98.57% of India’s postal codes as of March 31, 2026. Since inception, the two platforms have facilitated more than 20 million policies.

Under the deal, InsuranceDekho founder and CEO Ankit Agrawal will lead the combined company, while founders from both businesses will stay in leadership roles. The merger is designed to combine InsuranceDekho’s distribution reach in northern and western India with RenewBuy’s network in the south.

The platform said it offers more than 750 products from 52 insurers across motor, health, life, travel, and commercial insurance, and it plans to integrate InsuranceDekho’s plan-recommendation tools with RenewBuy’s technology. That includes automated partner onboarding, digital policy issuance, and AI-powered advisory capabilities.

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