Indian company The Policy Exchange (TPE) has secured $1.5m in a Pre-Series B investment round with VLS Finance, True Blue Holding, and 1Crowd as principal backers. The funding will be used to upgrade technological capabilities, scale up operations, and increase public awareness in India.

TPE aims to safeguard one million individuals over the next three years by providing policyholders with liquidity, accessibility, and transparency through its technology-led strategy. The company is working on creating a platform for policyholders to manage and extract value from their insurance policies while maintaining coverage.

With a team boasting over 75 years of combined experience, TPE is using industry knowledge and digital frameworks to update the way customers interact with insurance products in India. The company’s focus on data-driven processes and customer-oriented design allows it to establish a distinct role in the evolving insurtech landscape.

TPE board member Praveen Trivedi praised the company for solving a real and under-served problem at scale. The founders’ experience in financial services and their innovative business model are expected to create long-term value in India’s insurance landscape.

Read more at Yahoo Finance: India’s the Policy Exchange raises funds in Pre-Series B round