Insurtech firm InsuranceDekho introduces SaaS platform Heph for insurance providers

Gurugram-based insurtech firm InsuranceDekho has launched a new software-as-a-service (SaaS) platform called Heph.

The platform is designed to provide digital solutions that streamline operations for insurance distributors across India. The launch of Heph aims to enhance the efficiency of insurance distribution, making it easier for providers to manage and optimize their offerings.

Comprehensive digital solutions

Heph offers a full range of services that cover all aspects of insurance operations. This includes everything from front-end customer interfaces to robust back-end systems.

The platform supports a variety of insurance products, including health, life, motor, and group insurance.

By integrating with 49 different insurers, Heph is positioned as one of the most comprehensive platforms in the industry. It also supports multiple distribution channels, such as assisted sales, direct-to-consumer models, and embedded insurance.

Versatility and flexibility

Heph is built with four core modules: Direct-to-Consumer (D2C), Point of Sale Persons (POSP), Lending, and Embedded Insurance. These modules cater to a diverse range of clients, including banks, non-banking financial companies (NBFCs), brokers, original equipment manufacturers (OEMs), fintech firms, and other digital players.

The platform provides access to over 650 insurance products and allows businesses to co-create customized products with insurers, enhancing their ability to build and manage their insurance offerings efficiently.

Heph adheres to the stringent requirements set by the Insurance Regulatory Development Authority of India (IRDAI). 

Redefining insurance distribution

Ankit Agrawal, Co-founder and CEO of InsuranceDekho emphasized the significance of Heph's launch, stating, “At Heph, we’ve built a platform that marries technological innovation with deep insurance expertise. Our mission is to empower businesses across the financial spectrum to offer seamless, efficient insurance solutions. With our robust API integrations, bank-grade security, and customizable modules, we’re not just keeping pace with the digital transformation of insurance – we’re leading it. With this launch, we are set to redefine how insurance products are distributed and managed in India, driving growth for our partners and improving accessibility for consumers.”