Financial Services
Flipkart revives its insurance game; pine labs' revenue jumps; losses balloon
30 Oct 2023
In 2018, Flipkart had bagged a corporate (composite) insurance agent licence from the Insurance Regulatory & Development Authority, which allowed it to sell life, three non-life, and three standalone health policies.

Flipkart now offers a range of standalone insurance products, including two-wheeler, four-wheeler and health insurance, from multiple insurers via Coverfox.

The ecommerce company may face challenges in distributing complex life and health insurance as a significant portion of the population still prefers traditional banks and agents, says Vishal Bhave of Praxis Global Alliance.

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