Spotlight – Who is RenewBuy’s Balachander Sekhar: The Man Simplifying Insurance in India
If you think insurance is boring, you clearly haven’t met Balachander Sekhar. As the co-founder and CEO of RenewBuy, he’s on a mission to make insurance in India not just accessible, but downright enjoyable. Yes, you read that right.
From Civil Engineering to Insurance Innovator: A Twist in the Tale
You might be wondering how a civil engineer ends up shaking up the insurance industry. Well, Balachander’s story is proof that sometimes the most exciting journeys involve unexpected turns. After graduating from the prestigious Indian Institute of Technology, Bombay, he decided to switch gears and pursue a management degree from the Indian Institute of Management, Calcutta. And that’s where his love affair with insurance began.
A Trailblazer in the Making
With over 18 years of experience in the insurance and financial sectors, Balachander has an impressive track record. He’s held leadership positions at major companies like MetLife, Reliance Retail Insurance, and American Express. But his true passion lay in making insurance work for everyone, not just the privileged few.
The Birth of RenewBuy: A Vision for Change
In 2015, Balachander co-founded RenewBuy with a clear vision: to tackle the problem of insurance under-penetration in India, particularly in smaller cities and towns. He realized that traditional insurance models were failing to reach a large segment of the population. So, he decided to do something about it.
Technology as the Game-Changer
Balachander knew that technology was the key to unlocking the potential of the Indian insurance market. RenewBuy’s platform leverages cutting-edge technology to simplify the insurance buying process, making it more accessible and transparent for customers. It’s like having your own personal insurance advisor, right at your fingertips!
Empowering Insurance Advisors
But Balachander didn’t stop there. He also wanted to empower insurance advisors, giving them the tools they need to reach customers in even the most remote corners of India. RenewBuy’s digital platform allows advisors to offer insurance products seamlessly, even in areas where traditional insurers struggle to operate.
What’s Next for RenewBuy (and Balachander)?
Under Balachander’s leadership, RenewBuy is poised for continued growth and innovation. They’re constantly exploring new ways to use technology to simplify insurance and make it more accessible to everyone.
Balachander’s Advice for Aspiring Entrepreneurs
Balachander believes that the key to success is identifying a problem and finding a solution that makes a real difference in people’s lives. His advice for aspiring entrepreneurs? “Don’t be afraid to dream big and think outside the box. With hard work and dedication, you can achieve anything you set your mind to.”
In a Nutshell: Balachander Sekhar is the insurance superhero India needs. He’s breaking down barriers, simplifying complex processes, and making insurance accessible to everyone. With his passion for innovation and his commitment to customer satisfaction, he’s truly changing the game. So, the next time you think insurance is boring, remember Balachander Sekhar and his team at RenewBuy. They’re proof that insurance can be exciting, empowering, and even a little bit fun!
