Ditto Insurance Review 2024: Is Ditto a good company?

Ditto Insurance Review
Ditto Insurance Review

Looking for “Ditto Insurance Review“. Then you’re on the right place where you will access all the details about ditto insurance. In this article you will know about ditto company and their founders, and also explore services they offers.

Let’s first understand about Ditto Company and his history.

What is Ditto Insurance?

Ditto is a relatively new Indian fintech company founded in 2021 that focuses on making life and health insurance easier to understand and purchase, especially for millennials.


Unlike traditional sales, Ditto assigns advisors to guide you through the process. They prioritize customer satisfaction with a no-spam policy, exceptional service, and valuing your feedback.

They also offer innovative coverage options that can be customized to your needs.

Note: They act as an intermediary between you and insurance companies, helping you find the right term life and health insurance plans.

Company Profile

The company operates under two legal entities:

  • Ditto Insurance Broking Services LLP
  • Tacterial Consulting Private Limited.
Company NameDitto
LocationBengaluru, India
FoundersPawan Kumar Rai, Shrehith Karkera, Bhanu Gurram, Lokesh Gurram
Legal EntitiesDitto Insurance Broking Services LLP, Tacterial Consulting Private Limited
ProductsTerm life insurance, Health insurance, Hospital treatment coverage, Doctor consultations, Maternity coverage
Insurance PartnersBharti AXA, Bajaj Allianz, HDFC Ergo
ServicesPersonalized advisor assistance, Application process support, Post-purchase claims assistance
Funding$483K (Seed Round)
Official Websitejoinditto.in

Ditto Insurance Products

  • Term Life Insurance
    • Provides financial protection for your loved ones in case of your unfortunate demise.
  • Health Insurance
    • Covers medical expenses incurred due to illness or hospitalization.

Note: Ditto doesn’t directly sell term insurance; they act as a broker to help you find the right term insurance plan.

Ditto Insurance Services

  • Educational Resources
    • Ditto offers easy-to-understand articles and explanations to help you understand complex insurance products.
  • Personalized Assistance
    • They provide dedicated advisors who will walk you through the insurance buying process, understand your needs and recommend suitable plans.
  • Application Process Support
    • Their advisors can assist you with filling out forms and completing the application process.
  • Post-purchase Support
    • Ditto advisors can also help you with claims filing if needed.
  • No-Spam Policy
    • They respect your time and avoid unnecessary communication regarding insurance and products.
  • Customer-Centric Approach
    • Ditto prioritizes customer satisfaction and strives to continuously improve their services based on customer feedback.
  • Innovative Coverage Options
    • They offer various coverage options that can be customized to suit your individual needs.

Ditto Insurance Charges

Ditto itself doesn’t directly charge any fees for their service. Their revenue comes from commissions paid by the insurance companies they partner with.

  • No direct fees: You won’t pay extra to Ditto for using their platform or getting advisor assistance.
  • Commissions: When you buy an insurance plan through Ditto, the insurance company pays Ditto a commission. This commission is a percentage of your total premium amount paid over the policy term.

Ditto Insurance Founders

Ditto Insurance, launched in 2021 by Pawan Kumar Rai, Shrehith Karkera, Bhanu Gurram, and Lokesh Gurram, is a Bengaluru-based company.

Pawan Kumar Rai

Pawan Kumar Rai, one of the co-founders, comes from a non-financial services background, having previously served as a Manager at Trident Group India.

He holds a post-graduate degree in Management from IIM-Ahmedabad.

LinkedIn: Pawan Kumar Rai.

Shrehith Karkera

Shrehith Karkera, another co-founder, brings expertise in both computer science and marketing to the table. He is also a co-founder of Finshots.

Shrehith earned post-graduate qualifications in marketing strategy from IIM-Ahmedabad and in computer science engineering from NMAM Institute of Technology, NITTE.

LinkedIn: Shrehith Karkera.

Bhanu Harish Gurram

Bhanu, a co-founder of Ditto, has a background in electrical engineering and previously worked at Nestle India Ltd. as an Engineering Executive.

Like Shrehith, he is also a co-founder of Finshots. Bhanu holds a degree in Marketing, Strategy, and Finance from IIM-Ahmedabad and a Bachelor of Technology in Electrical Engineering from IIT-Roorkee.

LinkedIn: Bhanu Harish Gurram.

Lokesh Gurram

Lokesh, the final co-founder, brings financial services expertise to the team, having cleared CFA Level 1.

He previously worked as an Engineer at Samsung Electronics and completed internships at Samsung Electronics and Zumbl.com as a software engineer and Android developer intern. Lokesh holds a bachelor’s degree in Electrical Engineering.

LinkedIn: Lokesh Gurram.

Ditto Insurance Customer Care Number

For General Inquiries:

Escalation Procedure (Complaints):

  • If you haven’t received a response within 15 days or are unsatisfied with the resolution:

Conclusion: Ditto Insurance Review

Ditto is a new Indian fintech company aiming to simplify life and health insurance, particularly for millennials. Launched in 2021, they’ve grown rapidly, achieving unicorn status (over $1 billion valuation) in 2023.

They don’t directly sell insurance, but act as a broker, partnering with established companies like Bajaj Allianz. Their focus is on education – making complex insurance products easy to understand. They assign advisors to personalize the experience, helping you choose the right plan based on your needs and budget.

Ditto doesn’t charge any additional fees; their revenue comes from commissions paid by the insurance companies when you purchase a policy through their platform. This commission structure incentivizes Ditto to find the best fit for you, not just push the most expensive plan.

Overall, Ditto aims to bridge the gap between millennials and insurance by offering clear information, personalized guidance, and a streamlined process, all at no extra cost to the customer.

Also Read: What is UPI Lite 2024: how to activate, benefits, limitations

Is Ditto a good company?

Yes, Ditto is a good and trusted company. It was working from 2021, as a Insurance broker between customer and Insurance sellers.

Also Read: What is Zest Money 2024: how to get personal loan, eligibility, benefits, charges


How does Ditto earn money?

Ditto acts as a middleman, connecting customers with established insurance companies like Bajaj Allianz and Bharti AXA. By simplifying the process and guiding customers, Ditto helps these insurance companies reach new customers and potentially increase their sales. Ditto benefits by earning commissions and being a valuable partner for these established players.

Who is the owner of Ditto Insurance?

Ditto Insurance isn’t owned by a single person, but rather founded by four individuals: Pawan Kumar Rai, Shrehith Karkera, Bhanu Gurram and Lokesh Gurram

Is Ditto Insurance a unicorn?

In August, the company attained unicorn status, marking India’s first in 2023, after securing $200 million in new funding. This milestone underscores the remarkable potential and innovation within the country’s startup landscape.

Where is Ditto Insurance company located?

Ditto Insurance company located in Bengaluru, Karnataka, India.

Does Ditto help in claim settlement?

According to Ditto, we claims to offer end-to-end support, which would include assistance with claim settlement.

5/5 - (2 votes)
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