IMT Care is an insurance technology company based in India, focused on transforming insurance distribution by empowering agents with innovative products and digital tools. IMT Care addresses unmet demand in the Indian insurance market by developing tailored insurance solutions for segments like illness-specific coverage, primary care with insurance, and surgical insurance—areas traditionally underserved by legacy insurance products.
The Technology That Enables IMT Care
IMT Care leverages technology to enable agents—the largest insurance distribution channel in India, responsible for collecting 85% of all premiums—to access and distribute modern, relevant insurance products. The platform is designed to simplify the process for agents, offering them tools to serve a wider market with more specialized insurance offerings. This focus aligns with the significant opportunity in India's insurance sector, where agents collect over $20 billion in premiums annually and the market is growing at a 22% CAGR.
IMT Care’s leadership brings deep experience: Kunal has over 15 years of experience scaling insurance businesses and agent networks, while Rachit has 12+ years in building technology products, including as a founding engineer at PayU.
Who Uses IMT Care?
IMT Care primarily serves insurance agents and distributors across India, providing them with access to innovative products that better meet the needs of a rapidly evolving market. By empowering agents, IMT Care helps bridge the gap between traditional insurance offerings and the emerging demands of Indian consumers seeking more specific healthcare and wellness coverage.
Who Are IMT Care's Competitors?
IMT Care operates in the insurtech and insurance distribution technology space in India. Key competitors include:
- Riskcovry: An insurtech company enabling digital insurance distribution for enterprises, offering a platform for businesses to embed insurance products.
- BizBima: A tech-enabled insurance broking firm providing a simplified distribution platform for partners and customers, with a focus on streamlining the insurance sales process.
These companies, along with IMT Care, aim to modernize insurance distribution by leveraging technology and creating more flexible, accessible insurance solutions, though IMT Care differentiates itself by focusing specifically on empowering the agent network with innovative, tailored products.
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