Archive · 24 Jun 2025
RenewBuy Launches AI Insurance Tool for Personalized Plans
RenewBuy, an insurance platform, has launched PRISM, an AI tool.
It helps people choose the right insurance by looking at things like age, income, and health.
The tool gives suggestions that fit each person's needs.
This helps solve the problem of many people in India not having enough insurance.
Advisors get a special digital tool to help them advise customers.
The goal is to make insurance better and more accessible.
Over a million people are expected to get help from this new system.
This should make it easier for people to find the right insurance to protect themselves and their families.
RenewBuy introduces PRISM, an AI-powered recommendation engine for insurance.
PRISM personalizes insurance suggestions based on individual factors.
The tool aims to address India's insurance protection gap.
Advisors receive a digital dashboard with customer insights.
RenewBuy expects over 1 million customers to benefit by FY26.
- Who
- RenewBuy
- What
- RenewBuy launched PRISM, an AI-based tool for insurance recommendations.
- When
- The launch was announced in the article.
- Where
- India
- Why
- To provide personalized insurance options and bridge the protection gap in India.
- Company
- RenewBuy
- Tool Name
- PRISM
- Functionality
- AI-powered insurance recommendation engine
- Target Customers
- Existing and new customers
- Projected Beneficiaries
- Over 1 million by FY26
- Focus
- Health, Term Life, Savings-linked Insurance