Introducing Heph, InsuranceDekho's New SaaS Platform for Insurance Providers

Nitin Konde, Apoorva Bajj

Aug 26, 2024 — 2 min read

Introducing Heph, InsuranceDekho's New SaaS Platform for Insurance Providers

Insurtech startup InsuranceDekho, based in Gurugram, has established Heph, a new software-as-a-service (SaaS) company that is affiliated with InsuranceDekho. The company's mission is to provide digital solutions that would ease the operations of insurance distributors around the country.

This coming Monday, August 26th, will mark the formal launch of Heph's website, which will be offering a variety of services such as front-end customer interfaces and back-end systems.

This platform covers all areas of insurance operations, from front-end consumer interfaces to sophisticated back-end systems, and it covers a wide range of products from health insurance to life insurance to vehicle insurance to group insurance. The platform is compatible with a variety of distribution channels and works with 49 different insurers. These channels include assisted sales, direct-to-consumer models, and embedded insurance. Heph is the most comprehensive platform in the business as a result of its extensive product API integration, which enables it to provide any insurance product across any distribution channel.

Four Core Modules

Heph serves to a varied clientele by providing its four major modules, which are D2C, POSP, Lending, and Embedded Insurance. These modules are used by banks, non-bank financial companies (NBFCs), brokers, original equipment manufacturers (OEMs), fintech companies, and digital players.

The platform gives users access to more than 650 different insurance products and gives them the ability to co-create products with insurers. This presents an opportunity for businesses to construct, administer, and optimise their insurance services in an effective manner.

Easing the Working Environment

Heph provides businesses with the assurance that they may operate in a highly regulated environment in a secure and efficient manner by adhering to the regulations of the Insurance Regulatory Development Authority of India (IRDAI). With digital insurance platforms becoming an increasingly fundamental part of the financial ecosystem, it is essential that this emphasis on security be maintained.

Ankit Agrawal, who is also the Chief Executive Officer of InsuranceDekho, has remarked that Heph is a platform that combines sophisticated insurance knowledge with cutting-edge technology innovation. The objective of the company is to enable businesses throughout the whole spectrum of the financial industry to provide insurance solutions that are both smooth and efficient.

The company is not merely keeping up with the digital revolution of the insurance industry; rather, InsuranceDekho is leading the way in this change thanks to its powerful API interfaces, bank-grade security, and customisable modules. Through the launch of this product, the organisation intends to revolutionise the manner in which insurance products are delivered and managed in India, hence fostering expansion for its partners and enhancing accessibility for customers.