Turtlemint's Young Advisors Lead the Charge in Insurance Industry Transformation

Turtlemint, a leading insurtech company, reveals the growing influence of Gen Z and Millennials in its network of over 3.5 lakh advisors. These younger generations drive 85% of sales via digital-first approaches, enhancing insurance penetration in remote areas and reshaping industry perceptions.

Turtlemint, an insurtech leader, has disclosed notable insights into its vast network of over 3.5 lakh certified insurance advisors, emphasizing the growing impact of younger generations in the insurance advisory realm. With Gen Z and Millennials spearheading around 85% of total sales, Turtlemint showcases its market prowess, having facilitated premiums worth over Rs 2,000 crore in the past year. This achievement highlights the contribution of tech-savvy advisors and the company's success in attracting a diverse array of experienced professionals.

These advisors not only dominate in numbers but are more inclined to utilize technology to deepen insurance penetration. Turtlemint's data reveals that 78% of Gen Z advisors and 74% of Millennial advisors primarily conduct their business online, reflecting a digital-first approach to making insurance accessible in remote and underserved regions. In many states, about 80% of certified advisors are from Gen Z and Millennials.

The rise of new InsurTech platforms is facilitating the entry of fresh advisors, making the insurance sector increasingly appealing and dynamic. Early talent acquisition ensures long-term industry engagement. Dhirendra Mahyavanshi, Co-Founder & CEO of Turtlemint, noted, 'We are witnessing remarkable sales growth driven by Gen Z and Millennials. This data underscores digital transformation's importance in the insurance industry. We are committed to innovative solutions for our partners and customers.'

The influx of proficient young advisors is shifting perceptions about the insurance industry, now seen as dynamic and crucial rather than complex and unengaging. Digital proficiency is not only boosting sales but also redefining customer interactions. This signifies a new era in insurance, driven by technology and a customer-centric approach.

Turtlemint is dedicated to supporting its diverse distribution partners through advanced digital tools, training, and certification via its TurtlemintPro app. With Gen Z and Millennials leading in key states, there is ample opportunity for new talent to thrive in the industry. Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint aims to transform how advisors serve clients, bridging the insurance gap with a transparent and user-friendly experience. The platform supports over 3.2 lakh advisors across more than 17,000 pin codes in India, aspiring to empower 1 million financial advisors and significantly enhance insurance penetration.

(With inputs from agencies.)