Youth Drive Turtlemint's Digital Insurance Revolution

Turtlemint, an insurtech company, highlights the influence of Gen Z and Millennials in its advisor network. These tech-savvy generations contribute 85% of sales, with most business conducted online. The company facilitates significant premiums and empowers advisors with digital tools to transform insurance perception and accessibility.

Mumbai, 30th September, 2024: Turtlemint, a pioneering insurtech company, has revealed key insights into the demographics of its 3.5 lakh-strong network of certified insurance advisors, emphasizing the rising impact of younger generations in the field. With Gen Z and Millennials driving 85% of total sales, Turtlemint showcases its strong market position, having facilitated over ₹2,000 crore in premiums this past year alone.

This young, tech-savvy cohort not only dominates in numbers but is also keen on leveraging technology to broaden insurance reach. Data from Turtlemint indicates that 78% of their Gen Z advisors and 74% of Millennial advisors conduct much of their business online, adopting digital-first strategies to make insurance more accessible, particularly in underserved areas.

Dhirendra Mahyavanshi, Co-Founder & CEO of Turtlemint, stated, "We are witnessing a remarkable surge in sales driven by Gen Z and Millennials. This data underscores the crucial role of digital transformation in the insurance industry, and we are committed to providing innovative solutions that cater to the evolving needs of both our partners and customers."

(With inputs from agencies.)