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List of Top Insurtech Companies In India | Insurance Startups India
- PayTM Insurance
- Digit Insurance
- Acko General Insurance
Here are the Top Insurtech Companies In India
1: PayTM Insurance
PayTM offers its service as a digital wallet since 2010. Paytm announced its entry into the insurance industry in 2014 as Paytm Life Insurance and Paytm General Insurance.
Customers can pay their premiums and buy their insurance through a common platform. It claims to offer refunds on cancellations with the fewest customer questionnaires.Top Insurtech Companies In India
The interface allows users to enter their preferences and view insurance policies based on their search queries.
PayTM Insurance Head Office: 136, 1st Floor, Devika Tower Nehru Place NEW DELHI South Delhi DL 110019 IN
PayTM Insurance Bangalore Address: 144/533, 2nd Floor, 22nd Main, 150 Feet Ring Road, Hsr Layout Sector 1, Bangalore – 560102 District Bengaluru Urban, district HSR Layout
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InsurFirst has partnered with Aviva Life, ICICI Prudential, and SBI to distribute its products. Customers currently have access to health, motor, life, home and assets, travel, and investment insurance. The policy covers marine, fire, business interruption, commercial vehicles, contractor risk, workers’ compensation, and trade credit risks.
Customers can customize their insurance plans according to their needs. It has already sold over 3000 policies worth over 60 Million INR in premium, thanks to this innovative system.
InsureFirst head office Address: 7th Floor, Room 7E, Mani Square Mall, 164/1, Maniktala Main Rd, Kadapara, Phool Bagan, Kankurgachi, Kolkata, West Bengal 700054
InsureFirst Bangalore Address: 27/7, Professional Court, 15th Cross Rd, Jayanagar East, Bengaluru, Karnataka 560011
As one of the earliest startups in the InsurTech sector, Policy Bazaar was established in 2008. PolicyBazaar is an online insurance marketplace. It compares different insurance policies on the basis of price, quality, and benefits. A total of $372 Million has been raised by the company from different investors from Gurgaon.
The site offers a wide range of insurance policies as well as customer service that most consumers consider superior to contacting the insurer directly. PolicyBazaar has already provided its customers with coverage worth 10L crore.
PolicyBazaar Headquarters: Plot No.119, Sector 44, Gurgaon, Haryana, India
PolicyBazaar Bangalore Office: No 35, Davalath Sampige Main Road, Malleshwaram, Bangalore 560003
Since 2015, OneAssist has become a leading insurance aggregator. This new start-up provides insurance for data protection and appliances in this age of the internet. Cyber-attacks, identity theft, dark web, and cyber-risks are all solved with it. OneAssist is a company based in Mumbai that reports having raised $32 million.
OneAssist’s Identity Risk Calculator is an innovative tool that alerts internet users to potential threats. The company is partnered with OEMs (Original Equipment Manufacturers) to offer durable repair and protection services for such items as appliances, gadgets, mobile phones, and tablets.Top Insurtech Companies In India
OneAssist India head office Address: Third Floor Fleet House, Next to Marol Naka Metro Station, Andheri – Kurla Rd, Gamdevi, Marol, Naka, Mumbai, Maharashtra 400059
CoverFox is one of India’s leading insurance startups, established in 2011. It is a fast, secure, and simple way to purchase and renew insurance policies for customers. Additionally, the company provides a reliable method of settling claims. To date, the company has received funding totaling $42 million. Additionally, Saif Partners, IFC, Catamaran, Accel Partners, and TransAmerica have all invested in the company.
We believe that CoverFox has developed a robust algorithm that simplifies policy documents and presents them in an easy-to-understand way for consumers. With over 30 insurance partners, CoverFox has won several awards, including The Smart CEO, Top 10 Fintech companies from Fintech Asia, and Business World Techtors awards.
CoverFox India head office Address: Unit D4131-4139, 4th floor, Oberoi Garden Estates, near Chandivali Studio, Andheri East, Mumbai, 400072
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TurtleMint, a leading online insurance provider, was founded in 2015. Its headquarters are located in Mumbai. The company offers life, health, bike, and car insurance.
With TurtleMint, you can buy insurance plans in a smarter way. By using the interface, customers can purchase insurance directly from leading insurers without having to go through lengthy paper work. More than 3 million policies have already been sold online.
Turtlemint Head office: 303, Cosmos Mary Park, 116 /B, Kolbad, Thane (West) – 400601
Turtlemint Bangalore office: Unit 409-410, Brigade towers, Brigade Rd, Bengaluru, Karnataka 560025
The PolicyBoss website is another marketplace for different insurance policies. Based in 2012, PolicyBoss has raised a total of $10 Million to date. Brokerage companies are an important channel of distribution for PolicyBoss. With offices in 24 Indian cities, the company has its main operations in Mumbai.Top Insurtech Companies In India
PolicyBoss head office Address: Ground Floor & First Floor, E-Shape Building Ashok Silk Mills Compound, 202, Lal Bahadur Shastri Rd, Ghatkopar West, Mumbai, Maharashtra 400086
PolicyBoss Bangalore Address: 2nd Floor, Vinay Arcade, No-50 K.H Road Opp. BMTC Bus Stand/Depot, above Karnataka Bank, Shanti Nagar, Bengaluru, Karnataka 560027
RenewBuy is an online motor insurance brokerage platform. The company provides real-time quotes from various insurers. It was founded in 2014 and has its headquarters in Gurgaon. The company has raised $15 million so far.
RenewBuy allows customers to compare and buy motor and health insurance instantly from leading insurers. It also digitizes the agent-onboarding process.
RenewBuy head office Address: RenewBuy Building, Plot No-94, Sector 32, Gurugram, Haryana 122001
RenewBuy Bangalore Address: Regency Enclave – 408, 2nd Floor, Magrath Rd, opp. to Magrath Hotel, Bengaluru, Karnataka 560025
9: Digit Insurance
Launched in 2016, Digit is an internet-based general insurance startup company. It includes insurance for cars, mobile phones, travel, bikes, jewelry, and health. Based in Bangalore, it has raised a total of $100 Million since its inception. Digit Insurance aims to simplify the insurance process. In addition to its simplified documentation process, Digit has also launched a smartphone-enabled self-inspection process that speeds-up claim settlements to up to minutes.
Digit Insurance Bangalore Address: Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru, Karnataka 560095
10: Acko General Insurance
Acko is a startup disrupting the auto insurance industry with its innovative technology. Acko offers low-cost insurance products backed by data analytics as part of its InsurTech offerings. The company also offers car and bike insurance.
Furthermore, it has partnered with Ola Cabs to provide microinsurance services. Mumbai-based Acko has reported funding totaling $43 million through 2019.
With Acko, you can buy insurance policies online at incredibly low prices and in a fraction of the time. Furthermore, minor damages are resolved immediately, and the car is picked up within an hour for repair.
Acko General Insurance head office Address: Unit No. 301, 3rd Floor, E-wing, Lotus Corporate Park Off Western Express Highway, Jay Coach Flyover, Goregaon, Mumbai, Maharashtra 400063
Acko general insurance Bangalore address: #36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102.
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