Roinet Insurance Brokers has announced the launch of Roinet Kavach, a digital motor insurance platform designed to increase insurance adoption in Tier III to Tier VI markets. The company expects 2.5x–3x growth over the next 6–12 months and is targeting a GMV of INR 1 billion by FY2027, with motor insurance projected to contribute 35 percent of revenue.
The platform utilises a network of over 70,000 rural touchpoints to reach first-time buyers, who currently represent 65 percent of the customer base. Primary growth has been recorded in Uttar Pradesh, Bihar, Rajasthan, Maharashtra and Tamil Nadu.
Roinet Kavach is a mobile-first interface designed for low-bandwidth environments. It allows Point of Sale Persons (POSPs) to generate quotes, compare premiums and issue policies in three minutes.
The platform currently integrates real-time pricing from ICICI Lombard, Chola MS, SBI General and Go Digit. At present, two-wheelers contributes 75 percent, private cars 15 percent and commercial vehicles 10 percent of policies, respectively.
The platform serves 1,000 POSPs in rural and semi-urban regions, providing them with vernacular support, renewal integration, and claims assistance. According to the company, the system creates a monthly income stream of INR 2,000 to INR 10,000 for these distributors through transparent commissions.
Future plans for the platform include the introduction of telematics-based risk scoring, electric-vehicle-specific products, and usage-based pricing models as regulations evolve.
Rahul Mathur, CEO, Roinet Insurance Brokers, said, “Roinet Kavach solves a real and persistent distribution gap in motor insurance by ensuring transparency, efficiency, and accessibility for millions of Indians who have never availed a policy before. By placing the right digital tools in the hands of our last-mile POSPs, who are our backbone, we are strengthening insurance reach in underserved markets and helping build financial resilience in regions the industry has long overlooked. It is a win-win for both the end customer and our POSPs.”
Comments (0)
ADD COMMENT