Anjali Sosale of Waterbridge Ventures chats with Tejas Jain of BimaKavach. BimaKavach is disrupting the Indian general insurance industry with an MGA-like model, which would enable them to customize and co-create policies with general insurers. BimaKavach can underwrite, price and distribute insurance exclusively to small Indian businesses.
We dive deep into Tejas’s journey and the series of experiences and events that led to him building BimaKavach.
Key Segments:
(1:50): Early childhood and breakfast and dinner table board meets
(3:28): Learnings from father and grandfather
(5:43): Decision to start an e-commerce startup
(7:50): Importance of founder market fit
(9:09): Journey from Indore to Bangalore
(11:03): Decision to go back to insurance
(13:27): Selling insurance to small businesses
(18:40): Initial days building BimaKavach
(25:16): New risks that threaten businesses today
(31:49): Regulatory landscape around general insurance
(35:50): Underwriting general insurance
(45:48): Rising demand from the MSME sector beyond metro cities
(50:05): The hardest thing to crack in the insurance business
(52:42): Future of general insurance
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