PriyaPatel
TLDR:
- Insurtech firm InsuranceDekho has launched a new SaaS platform called Heph for insurance providers in India.
- Heph offers comprehensive digital solutions for insurance distributors, covering a wide range of insurance products and distribution channels.
InsuranceDekho, an insurtech firm based in Gurugram, has introduced a new software-as-a-service (SaaS) platform called Heph. This platform aims to streamline operations for insurance distributors across India by providing digital solutions that enhance efficiency in managing and optimizing insurance offerings.
Heph offers a full range of services that include front-end customer interfaces, robust back-end systems, and support for various insurance products such as health, life, motor, and group insurance. The platform integrates with 49 different insurers, making it one of the most comprehensive platforms in the industry. It also supports multiple distribution channels like assisted sales, direct-to-consumer models, and embedded insurance.
The Heph platform is built with four core modules: Direct-to-Consumer (D2C), Point of Sale Persons (POSP), Lending, and Embedded Insurance. These modules cater to a diverse range of clients, including banks, non-banking financial companies (NBFCs), brokers, original equipment manufacturers (OEMs), fintech firms, and other digital players. Businesses using Heph have access to over 650 insurance products and can co-create customized products with insurers, enhancing their ability to efficiently build and manage their insurance offerings. Heph also adheres to the stringent requirements set by the Insurance Regulatory Development Authority of India (IRDAI).
Ankit Agrawal, Co-founder and CEO of InsuranceDekho, highlighted the importance of Heph’s launch, stating that the platform combines technological innovation with deep insurance expertise to empower businesses across the financial spectrum in offering seamless and efficient insurance solutions. With robust API integrations, bank-grade security, and customizable modules, Heph is set to redefine how insurance products are distributed and managed in India, driving growth for partners and improving accessibility for consumers.
