InsuranceDekho merger to create new leader in segment, says RenewBuy

The merger between InsuranceDekho and RenewBuy, if realised, has the potential to make the merged entity an undisputed leader in the online insurance distribution space, RenewBuy told Business Standard on Monday.

Reports have indicated that InsuranceDekho is in advanced talks to merge with RenewBuy in a cash-and-stock deal, which could value the combined entity at Rs 8,000 crore.