New Delhi, July 17 -- Gurugram, 17th July 2026: Marking another significant breakthrough in delivering on the true promise of insurance, Policybazaar has facilitated over Rs.3,016 crore worth of term insurance claims since 2018. Despite being one of the most essential tools for financial protection, term insurance remains significantly underpenetrated in India. Low awareness and concerns around claims settlement remain among the biggest barriers to adoption. Seen in this context, this milestone reinforces consumer confidence in term insurance and reflects the growing trust in digital-first claims assistance.

The milestone also reflects the scale at which technology-enabled insurance platforms are simplifying one of the most emotionally d...