Docprime Technologies
2022
Why
Online healthcare services provider.
Policybazaar
InsuranceTechFounded 2008- HQ today: Gurugram, Haryana, India
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Policybazaar Acquisitions
5
Major Deals Covered
What are Policybazaar's biggest acquisitions?
This page covers 5 major deals from 2018 to 2022, each with its price where disclosed and the reason behind it.
- Major deals covered
- 5
- First deal
- 2018
- Most recent
- 2022
| Company | Year | Price | Purpose |
|---|---|---|---|
| Visit Health | 2021 | Undisclosed | Stake in a telehealth and corporate wellness platform. |
| DocPrime | 2018 | Undisclosed | Internally incubated healthcare platform. |
| Docprime Technologies | 2022 | Undisclosed | Online healthcare services provider. |
| FiAerfly | 2022 | Undisclosed | Diabetes care platform. |
| Accurex Marketing and Consulting | — | Undisclosed | Motor vehicle claims assistance. |
- What companies has Policybazaar bought?
- Major acquisitions by Policybazaar documented here include Docprime Technologies (2022), FiAerfly (2022), Visit Health (2021), DocPrime (2018) and Accurex Marketing and Consulting.
- What is Policybazaar's most recent acquisition?
- The most recent Policybazaar acquisition documented here is Docprime Technologies, in 2022.
FiAerfly
2022
Why
Diabetes care platform.
Visit Health
2021
Why
Stake in a telehealth and corporate wellness platform.
Impact
Adds OPD and wellness services to corporate insurance offerings.
Outcome
Value not disclosed.
DocPrime
2018
Why
Internally incubated healthcare platform.
Accurex Marketing and Consulting
Why
Motor vehicle claims assistance.
Policybazaar's Growth & Acquisition Strategy
Policybazaar built its position in online insurance comparison and is now expanding offline and into business insurance. Many customers outside the big cities still prefer not to buy insurance purely online, so it is opening physical stores and recruiting independent agents in smaller cities through PB Partners. It is also selling group health insurance to small and medium-sized businesses.
How Policybazaar Makes Money
PB Fintech is a distributor, not an underwriter: it never carries claims risk. Policybazaar earns commissions and rewards from life and general insurers when a policy is sold through its website, app, call-centre advisors, PB Partners agents or walk-in stores, and it keeps earning renewal commission as policies are renewed. Paisabazaar earns fees from banks and NBFCs for personal loans, credit cards and other credit products, using free credit-score checks to bring in users. Smaller revenue lines include corporate group insurance broking (Policybazaar for Business), the UAE business and new healthcare services. In Q1 FY27 core insurance revenue grew 46% and core credit revenue 25% year on year.
Policybazaar Acquisitions FAQ
What is PB Fintech's general approach to mergers and acquisitions (M&A)?
PB Fintech has primarily pursued organic product development and internal platform engineering, utilizing selective minority investments and targeted technology acquisitions to accelerate specialized verticals.
What was the acquisition of Visit Health (digital telehealth platform)?
PB Fintech invested in Visit Health, a telehealth and corporate wellness platform, around 2021; terms were not disclosed.
Has Policybazaar acquired general or life insurance companies?
No, Policybazaar operates strictly as an independent distributor and broker. PB Fintech intentionally avoids acquiring balance-sheet insurance underwriters to maintain conflict-free neutrality across all 50+ insurance partners.
How does Policybazaar incubate new financial technology verticals internally?
PB Fintech successfully incubates multi-billion-rupee business verticals internally, such as launching Paisabazaar for credit in 2014, PB Partners for POSP agents in 2021, and PB Health for outpatient clinics in 2023, using shared corporate infrastructure.
Why did PB Fintech acquire a majority stake in telehealth platform Visit Health in 2024?
In 2024, PB Fintech invested approximately ₹250 crore to acquire a controlling stake in Visit Health. The acquisition allows Policybazaar to offer integrated outpatient care (OPD), telemedicine consultations, and wellness programs directly alongside retail and corporate health insurance policies.
What strategic venture investments has PB Fintech made in insurance technology?
PB Fintech has deployed capital into strategic fintech and health-tech startups across the UAE and India (including investments in digital health tech, claim settlement automation, and Gulf insurance distribution channels), expanding its ecosystem moat.
Does Policybazaar intend to acquire an insurance manufacturing license (underwriting company)?
While PB Fintech evaluated applying for a composite general or life insurance manufacturing license, management decided to remain a pure, neutral marketplace distributor, avoiding underwriting balance-sheet risk and preserving partnerships with all 50+ insurer principals.
How did Policybazaar's incubation of "PB Partners" scale offline agent distribution?
In 2021, Policybazaar launched PB Partners, an internal B2B2C tech platform that empowers over 150,000 independent offline insurance agents (Point of Sale Persons - POSP) across tier-2 and tier-3 towns to quote and bind policies digitally, capturing offline market share without M&A.
Related M&A Histories
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