03 May, 2022 | Weekly

Weekly Insurance Round-up Tuesday, May 3, 2022

Team Beshak
By Team Beshak
We breathe insurance :)
😐 0
Not so great
😃 0
It’s helpful
🤩 3
It’s perfect!

Hello there! 👋

We're back with the next edition of Beshak's Weekly News Round-up - an analysis of all Insurance News & Updates, straight from our research desk! Don't forget to share your feedback with us, and give us a thumbs up if you find this helpful! 

Let's get started! 🚀

What's inside? 🧐

✴️ One Moto and Royal Sundaram partner to issue policies for Electric Vehicles 🤝

✴️ StepSetGo partners with Symbo to offer Health Insurance 🛡️

✴️ $120 Mn raised by Turtlemint in Series E round 💰

One Moto and Royal Sundaram partner to issue policies for Electric Vehicles 🤝

  • One Moto India and Royal Sundaram have come together to sell insurance policies to their EV customers at the point of dealerships.
  • With this partnership, customers of One Moto India will be able to buy motor insurance policies with the Zero Depreciation add-on, competitive pricing, and cashless facilities for claims at One Moto centres.
  • One Moto India is the Indian subsidiary of a premium British electric two-wheeler manufacturer. They recently entered India and launched 3 models in India - Commuta, Electa, and Byka.
  • Recently, One Moto India has also partnered with Global Assure India to provide easy roadside assistance services all across India.

Source: LiveMint

Go to Top 🆙

StepSetGo partners with Symbo to offer Health Insurance 🛡️

  • StepSetGo (SSG), a fitness and health firm, is now set to offer medical insurance to its users. 
  • The firm has partnered with Symbo Insurance and launched unique and budget-friendly health insurance on their app, which will offer users the opportunity to receive cashback based on their fitness activity.
  • The company will allow users to choose between two insurance coverages - ₹3 Lakhs and ₹5 Lakhs at an affordable low price. And the users, by completing monthly step-based challenges, can get their premium back.
  • Founded in 2019, StepSetGo is a health and fitness app that lets users earn coins after every walk. These coins can be redeemed in the in-app store and used for free products or discounts.
  • Symbo, headquartered in Mumbai, is a composite insurance broker. It deals in all types of life and general insurance products.

Source: BWDisrupt

Go to Top 🆙

$120 Mn raised by Turtlemint in Series E round 💰

  • Turtlemint raised $120 Million in a Series E round that was led by Amansa Capital, Jungle Ventures, and Nexus Venture Partners. Existing and new investors such as Vitruvian Partners and Marshall Wace also participated in the round.
  • The company will use these funds to expand in new locations, scale its leadership team and strengthen its product line.
  • In March 2021, Turtlemint had raised $46 Million in a Series D round. To date, it has raised $190 Million.
  • Turtlemint is founded by Dhirendra Mahyavanshi and Anand Prabhudesai. It has partnered with over 45 insurance companies and has onboarded 1,60,000 insurance advisors across 15,000 pin codes in India.

Source: LiveMint

Go to Top 🆙

We need your feedback 🙏

Love it? Hit the 'It's perfect' button below! Have a suggestion to improve our content? Please leave us a comment. We absolutely appreciate it! 

Be the first to get this weekly news analysis, on your phone. Join the exclusive Telegram Channel for Financial Advisors 👉 

Team Beshak
Written by,
Team Beshak, We breathe insurance :)

We are a group of young members of the Beshak community. We come together to brainstorm, write relevant and useful content for people (just like us) who want to figure insurance on their own. If you too want to share inputs/write for us - send us a "hey" to

Health Insurance
Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2023 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to now 🙂