A Matter of Policy
Let me begin by sharing an interesting anecdote about how the genesis behind PolicyBazaar.com was laid. I was going through some of the financials with my father and few things looked dubious. On deeper inspection, I found that my father had been cheated of a few lakh of rupees by insurance agents. The transactions looked clean on the face, but the reality emerged when I looked in closely. This got me thinking about how people are getting duped everyday due to lack of transparent dealings. Thus the seeds of PolicyBazaar were sown in my mind.
I, alongwith Alok Bansal started building a platform that could help consumers make informed decisions while buying insurance. The aim was to become the “Game Changers” in the industry, make the consumer empowered, processes hassle-free, online, and transparent andaddress the problem of mis-selling that has plagued the industry. Today, six years later, we have become the “destination site” for all insurance (general & life) related queries among Indian consumers.
Today, Policybazaar.com boasts of
Unlike agents with tendencies to highlight the selling propositions of a plan but hiding its fine print, our philosophy has been simple -- we first understand the needs of consumer and then suggest a gamut of options to choose from. In our consumer research, we find that nearly everyone who is aware of policybazaar.com has used its services when researching to buy an insurance plan and has benefitted from comparison and advice.
With a workforce of 1500+ employees our workplace is fun and totally informal. No rigid systems and processes to chain you to work, rather we have flexible timing, no dress code, and done away with formality of addressing each other Sir or Mam. It’s an energetic environment that inspires. Boredom is one thing that is unknown to employees at PolicyBazaar.
I believe that as a company, our supreme accomplishment will be to blur the line between work and play, and we are aggressively striving to achieve this. We have a flexible business model that keeps evolving owing to industry dynamics, regulatory environment and customer evolution. We are transparent in our dealings not only online but also in our office. Our talks with investors are attended by everyone, even the junior most employees. We have nothing to hide J
Employees are encouraged to experience working across departments like the head of HR now manages website development, someone who used to work on policy dealings is now part of the online marketing team. We have an independent role for everyone who is open to working across departments, depending on their skill-sets and the will to excel.
I have always believed in the credo that there are no limits when one is determined. It is this relentless focus that has powered my efforts to grow PolicyBazaar.
In the end, I would like to quote an inspiring thought by Steve Jobs:
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”
Yashish Dahiya is Co-founder and CEO of Policybazaar.com, India's largest online destination for insurance and loan requirements. Policybazaar.com is a web portal which provides consumers with unbiased comparison of financial products like term Insurance, health Insurance, motor Insurance and investment plans.
His long-term vision and leadership skills have turned this financial start-up into a thriving successful brand in the short span of 6 years.
Yashish holds a Bachelor’s Degree in Engineering from IIT Delhi, a Post Graduate Diploma in Management from IIM Ahmedabad, and an MBA from INSEAD.
Famous writer Paul Coelho tweets about Satjiv Chahil’s (OS67) philanthropic work in Punjab. ( 29th Dec 2014) Coelho has 9.7million followers.
Dr Jyotsna Suri (OS68) – Hotelier Jyotsna Suri, Chairperson Bharat Hotels Ltd took over as President Federation of Indian Chambers of Commerce and Industry (FICCI)
on 20 Dec 2014 .
Congratulations from the OS Fraternity
Shiva Keshavan (OS99) wins Silver Medal for India at Asia Cup
21st December 2014
Shiva Keshavan added another Asian medal to his kitty with a Silver at the 17th Asian Luge Championships in Nagano, Japan today.
The contest was closely contested by three top contenders: Hidenari for Japan posted a best time of 49.791 seconds, Shiva Keshavan from India followed with 49.934 seconds and Kim from Korea was not far behind with a best time of 50.178.
Tre track conditions did not favour Keshavan as he could not capitalise on his better start timing despite a neat run.
“Hide was practically unstoppable today. I was really happy with my race as I gave it my best shot.” Said Keshavan after the medal ceremony.
Duncan Kennedy who has been coaching Shiva for less than a month is already planning the future course of action. “We have made good progress on Shiva’s comfort level on the equipment and it is showing in his consistency. We still have a lot of progress to make in aerodynamics as well as overall equipment, through materials and technology, over the next few months. There is also room for improvement at the start, so we are in a good place right now keeping our long term goals in mind”.
Shiva’s Asian records - the start record of 3.191 seconds and his Speed record of 134.3 kmph remains unbeaten.
The annual Old Sanawarian Exhibition Polo match will be held on the 15th of Feb 2015 along with
the finals of the The General Sparrow Cup at the Jaipur Polo Grounds, New Delhi.
Sanawar Exhibition Polo Match from 1.30 pm to 3.pm
Prize Distribution for the exhibition match 3.pm to 3.30 pm
General Sparrow Cup final match 3.30 pm to 4.30 pm
Trick Riding and Prize distribution 4.45 pm to 5.pm
High Tea & Beer 5 pm onwards.
Mohanbir Singh (OS81)
The Old Dalians and Daly College, Indore invite all OS to their campus in Indore for the inaugural edition of the Quadrangular Old Boys Cricket Tournament.
This will be played between the alumni of Sanawar, Doon School, Mayo College and Daly College.
The matches will be held at Daly College, Indore on 28th of Feb and 1st of March. The Chief Guest is Jyotiraditya Scindia.
All OS are welcome to join in.
Rohit Roy (OS85)
The Class of 1973 celebrated its Annual Re-Union & Dinner on the 6th of December 2014.
Major General Ajay Sehgal had put together this presentation together.
Sanjiv K Singh
Class of 1973 from then to now
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