The Work Index by Flexa

Policybazaar.com

Policybazaar is India's leading online insurance marketplace that offers a wide range of insurance products, financial products and investment options.

https://www.policybazaar.com/
5.3

/10

Transparency ranking

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Description

Policybazaar is India's leading online insurance platform, simplifying the process of comparing and buying insurance plans. Founded in 2008 with a vision for transparency in the insurance industry, Policybazaar has grown to become a trusted source for over 77 million registered customers, selling over 42 million policies since inception. Their comprehensive range of products includes health, term life, car, bike, investment, and travel insurance, all available from over 50 partner insurers. They offer user-friendly calculators, informative articles, and a dedicated claims support team to ensure a hassle-free experience for their customers.

Policybazaar takes pride in its team of over 14,000 talented individuals, including brilliant minds in technology, business, and marketing. Their commitment to innovation is reflected in their proprietary tech platform, which streamlines the insurance process for both customers and partner insurers. Policybazaar's core values of Courtesy, Ownership, Resilience, and Empathy guide their operations and drive their success. They have been recognized for their contributions with over 50 awards, highlighting their innovative business model, marketing strategies, and unwavering customer focus.

Flexibility

Policybazaar offers a flexible work environment with various benefits, including unlimited incentives, car lease, insurance cover, EAP, mobile policy, creche facility, maternity benefits, and gym facilities. Their focus on work-life balance is evident in employee engagement programs throughout the year and internal tournaments for cricket, football, and table tennis. This dynamic work environment allows employees to hone their skills while experiencing a sense of community and purpose.

Benefits

Policybazaar offers a wide range of employee benefits aimed at fostering a happy and productive work environment. These include unlimited incentives, car leases, comprehensive insurance coverage, employee assistance programs, mobile policies, creche facilities, maternity benefits, access to a gym, equal employment opportunities, and professional development programs like SEED, LEAP, and JAG, including a 'Jeeto Apna Ghar' (Win Your Own Home) initiative.

Mission

Policybazaar's mission is to simplify the process of buying insurance in India. They aim to bring transparency and ease to the insurance process by offering customers a platform to compare policies from different insurers, understand complex terms and conditions, and access quick, stress-free claims support.

Data-driven
Disruptor
Soonicorn

Culture

Policybazaar promotes a culture centered around its "CORE" values: Courtesy, Ownership, Resilience, and Empathy. This translates to a workplace that prioritizes respect, teamwork, and personal responsibility, while encouraging employees to face challenges head-on and prioritize customer success. They foster a dynamic work environment that values innovation and recognizes the hard work of its team members, offering opportunities for growth and development.

Agile and dynamic
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive
Transparent

DE&I

Policybazaar emphasizes diversity, equity, and inclusion through its PB CORE values, which guide its company culture and employee engagement. These values promote courtesy, ownership, resilience, and empathy, creating a welcoming environment for employees regardless of background. The company actively seeks out and hires talented individuals from diverse backgrounds, recognizing the importance of different perspectives and experiences. By promoting a culture of inclusivity and fostering a sense of belonging, Policybazaar strives to build a workplace where everyone feels valued and has the opportunity to thrive.

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