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Winter 2022Healthcare

IMT Care

Disrupting Indian Insurance space by empowering distrubutors

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About IMT Care

India’s insurance market is filled with bygone products, which do not cater to 95% of the market's demand for specific products such as illness-specific insurance, primary care with insurance, and surgical insurance to name a few. We, at IMT, aim to target this white space by creating innovative products that fulfill this new demand by empowering the agents. Agents are the largest insurance distribution channel in India and cover 85% of the premium collection. Agents collect 20B premium every year. With a 5% take rate, it’s a 1B dollar market opportunity growing at 22% CAGR. Kunal has 15+ years of experience working with insurance companies and building agent networks, while he scaled his brokerage business to 3M dollars in revenue. Rachit has 12+ years of experience in building tech products, he was a founding engineer at Payu (stripe of India).

Quick facts

YC Batch
Winter 2022
Founded
2021
Headquarters
India
Team size
23
Industry
Healthcare • Healthcare -> Consumer Health and Wellness
Tags
healthcare, insurance, india
Website
www.imt.care

Founders

Rachit Puri
Founder
Entrepreneur || Engineer || Product Manager. 11+ years of experience in building health tech and fintech products worked as an engineer, team leader, product management, people, and stakeholder management.
Kunal Popat
Founder
I have worked as CEO of a successful insurance broking company for more than 5 years in my previous assignment . I loved the role but was excited about innovating through technology and spread health care and insurance d…

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