“Over the last decade, PolicyBazaar has become synonymous with online insurance shopping in India. We believe that the Indian insurance market continues to remain massively under-developed and PolicyBazaar, supported by SoftBank’s capital and ecosystem, is uniquely positioned to dramatically increase the adoption of insurance products in the country,” Munish Varma, partner at SoftBank Investment Advisers, said in a statement.

https://techcrunch.com/2018/06/25/indias-policybazaar-raises-200m-led-by-softbanks-vision-fund/