Regardless of mechanical advances, occupant insurers actually utilize customary arrangements and administrative work. This is irrelevant to current shoppers. With the hole between conventional insurance approaches and changing business sector elements, youthful InsurTech organizations have the amazing chance to advance and face challenges. Advances reports that India has 142 innovation based insurance new businesses. Top 10 Best Insurtech Companies in India in 2022
In this article we will see the list of Top 10 best Insurtech companies in India in 2022. The pandemic has incited insurers in India and worldwide to focus on innovation drives and carry out advanced arrangements critically. Organizations between the protection business and insurtech are on the ascent. Industry players have been making their item techniques to flourish inside arising environments.
Insurtechs utilized financial backers’ cash-flow to construct a steady information and examination establishment as policyholder assumptions advanced after the episode. Intelligent AI, prescient demonstration, the web of things (IoT), associated gadgets, open APIs, and open protection models are being carried out, which has brought about a developing client base. Clients’ goal to purchase protection expanded by almost 7% because of pandemic tension.
Table of Contents
Top 10 best Insurtech companies in India in 2022 :
Digit Insurance :
Established in 2016, the organization is centered around broad internet based insurance. The insurance incorporates wellbeing, cars, cell phones, travel, bicycles, and gems.
With Digit Insurance, we improve on the most common way of purchasing protection. Digit’s approaches are straightforward in light of the fact that the documentation cycle is streamlined.
It has likewise executed a cell phone self-investigation process that paces up claims settlement to as quick as minutes. And it is one of the best Insurtech companies in India in 2022.
- Website : https://www.godigit.com/
- Address : Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru 560095
- Email : hello@godigit.com
- Contact : 1800-103-4448
Acko General Insurance :
Acko, a startup disturbing the collision protection industry in 2017, was established in 2017. Information examination and minimal expense protection items are a portion of its InsurTech arrangements. And it is one of the best Insurtech companies in India in 2022.
With Acko, you can guarantee your vehicle or bicycle is altogether an outsider. Miniature protection administrations are likewise presented through an association with Ola Cabs. Starting in 2019, Acko detailed complete subsidizing of $43 Million. The organization works out of Mumbai.
- Website : https://www.acko.com/
- Email : hello@acko.com
- Address : 2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main road, Sector 2, HSR Layout, Bengaluru, Karnataka – 560102
- Contact : 1800 266 2256
PolicyBazaar :
Policy Bazaar was established in 2008, probably the earliest startup in the InsurTech area. The organization offers protection approaches on the web. Looking at protection arrangements on PolicyBazaar is a straightforward interaction in view of value, advantages, and quality. And it is one of the best Insurtech companies in India in 2022.
The organization, situated in Gurgaon, has raised $372 million from different financial backers.
Clients feel PolicyBazaar has preferred client assistance over reaching guarantors straightforwardly. It covers a wide exhibit of protection arrangements.
- Website : https://www.policybazaar.com/
- Address : Plot No.119, Sector – 44, Gurgaon, Haryana – 122001
- Contact : 1800-208-8787
- Email : care@policybazaar.com
OneAssist :
Throughout recent years, OneAssist has formed into a main supplier of protection items. The organization offers protection inclusion for machines and information insurance. And it is one of the best Insurtech companies in India in 2022.
This startup resolves the developing issue of fraud, the dull web, and digital dangers in the web period.
Established in Mumbai with $32 million in financing, OneAssist works from Mumbai.
- Website : https://oneassist.in/
- Email : businessenquiry@oneassist.in
- Contact : 1800 123 3330
- Address : 3rd Floor, Fleet House, Next to Marol Naka Metro Station
Marol Naka, Andheri Kurla Road, Mumbai 400059
PolicyBoss :
The PolicyBoss protection commercial center is another internet based protection commercial center. Through the application, clients can analyze and buy protection arrangements. And it is one of the best Insurtech companies in India in 2022.
Since its send off in 2012, PolicyBoss has gotten an aggregate of $10M in financing. Back up plans are viewed as a key dissemination channel by PolicyBoss.
It has workplaces in 24 urban communities in India, and its central command is situated in Mumbai.
- Website : https://www.policyboss.com/
- Address : 1187/22, 4th Floor (above ICICI Bank ATM), Venkatesh Meher, Ghole Road, Shivaji Nagar, Pune (Maharashtra) – 411005
- Contact : 1800-419-419-9
- Email : customercare@policyboss.com
InsureFirst
InsurFirst was set up in Kolkata in 2016 and is conveyed by Aviva Life, ICICI Prudential and SBI.
As of now, it gives health care coverage, engine protection, extra security, home and resource protection, travel protection, and money growth strategies to people.
This protection covers marine, fire, business interference, business vehicles, worker for hire hazards, laborers’ remuneration, and exchange credit as corporate dangers. And it is one of the best Insurtech companies in India in 2022.
- Website : https://www.insurefirst.co.in/
- Email : enquiry@insurefirst.co.in
- Contact : +91 33 4063 0732
- Address : Mani Square, 7th Floor, Room No. 7E , 164/1, Maniktala Main Road, Kolkata, West Bengal 700054, India
CoverFox
CoverFox went off in 2011 and is a main protection startup in India. Clients can purchase and reestablish protection strategies on a basic, quick, secure stage.
Moreover, it gives a dependable stage to settling claims. It has had the option to get financing totalling $42 Million.
A few insurance agencies have likewise given financing to the organization, including Saif Partners, IFC, Catamaran, Accel Partners, and TransAmerica. And it is one of the best Insurtech companies in India in 2022.
- Website : https://www.coverfox.com/
- Address : Unit D4131-4139, 4th floor, Oberoi Garden Estates, Near Chandivali Studio, Andheri East, Mumbai – 400072
- Contact : 02248971018
- Email : help@coverfox.com
PayTM Insurance :
In 2010, PayTM started working as an advanced wallet. Paytm Life Insurance Ltd and Paytm General Insurance Ltd are its protection auxiliaries. And it is one of the best Insurtech companies in India in 2022.
PayTM Insurance’s vital elements :
- A typical stage permits clients to pay their charges and buy protection.
- The most small survey with the client professes to offer simple discounts on scratch-offs of arrangements.
- The site gives a simple to-explore interface for clients to enter their inclinations and view protection plans as per their inquiry models.
- Website : https://paytminsurance.co.in/
- Address : 136, 1st Floor, Devika Tower, Nehru Place, NEW DELHI, South Delhi, Delhi, India, 110019
- Contact : 01204789520
- Email : gro@paytminsurance.co.in
RenewBuy :
RenewBuy, a financier stage, gives engine protection. Various safety net providers offer ongoing statements on the gathering. And it is one of the best Insurtech companies in India in 2022. Gurgaon is the place where most of the organization’s activities happen. A sum of $15 million has been raised up to this point.
Separating variables of RenewBuy :
- Clients can immediately analyze and purchase engine and health care coverage plans from driving safety net providers through RenewBuy. Moreover, the stage digitizes specialist onboarding.
- Website : https://www.renewbuy.com/
- Address : 1st Floor, Plot no 94, Sector- 32, Gurugram -122001, Haryana
- Email : customersupport@renewbuy.com
- Contact : 18004197852
TurtleMint :
TurtleMint was set up in 2015 as an internet based insurance aggregator. As of now, the organization serves the disaster protection, medical coverage, and accident coverage areas. And it is one of the best Insurtech companies in India in 2022.
The organization is settled in Mumbai, India.
TurtleMint’s novel selling focuses :
- Purchasing protection plans with TurtleMint is a canny move.
- Driving insurance agencies can be reached straightforwardly through its point of interaction without finishing extensive desk work. North of 3 million arrangements have been sold online through this startup.
- Website : https://www.turtlemint.com/
- Address : 303, Cosmos Mary Park, 116 /B, Kolbad, Thane (West) – 400601
- Email : support@turtlemint.com
- Contact : 18002660101
Top 10 best Insurtech companies in India in 2022 with their website :
| S. No. | Insurtech Company | Website |
| 1. | Digit Insurance | https://www.godigit.com/ |
| 2. | Acko General Insurance | https://www.acko.com/ |
| 3. | PolicyBazaar | https://www.policybazaar.com/ |
| 4. | OneAssist | https://oneassist.in/ |
| 5. | PolicyBoss | https://www.policyboss.com/ |
| 6. | InsureFirst | https://www.insurefirst.co.in/ |
| 7. | CoverFox | https://www.coverfox.com/ |
| 8. | PayTM Insurance | https://paytminsurance.co.in/ |
| 9. | RenewBuy | https://www.renewbuy.com/ |
| 10. | TurtleMint | https://www.turtlemint.com/ |
FAQS :
Which is the No 1 health insurance company in India 2020?
- IFFCO Tokio General Insurance.
Which is the No 1 life insurance company in India?
- Life Insurance Corporation of India.
Which is the best health insurance company in India 2021?
- HDFC ERGO General Insurance Limited.
- Star Health & Allied Insurance Company Limited.
- Niva Bupa Health Insurance Company Limited.
- SBI General Insurance Company Limited.
- Care Health Insurance Company Limited.
- ManipalCigna Health Insurance Company Limited.
What is IRDA and its role?
The Insurance Regulatory and Development Authority of India (IRDAI) is an independent administrative body that secures the interests of the policyholder. They supervise the development of the protection area in India, the necessities that various sorts of protection strategies venture, and assist with keeping a rapid turn of events.
Who is the youngest insurance company in India?
- IndiaFirst Life Insurance Co.
Which Mediclaim is best in India?
- Aditya Birla Mediclaim Policy.
How do insurtech companies make money?
- Most insurance agencies create income in two ways: Charging expenses in return for protection inclusion, then, at that point, reinvesting those charges into other interest-producing resources. Like every single personal business, insurance agencies attempt to showcase viably and limit authoritative expenses.
Which is the biggest insurance company in India?
- Life Insurance Corporation of India (LIC)
Conclusion :
The majority of the issues we are confronting today will be addressed because of the utilization of innovation. To further develop administrations and client encounters, the protection area needs applied innovations. Monetary wellbeing and development likewise rely on specialized choices. Figure out how InsurTech applies to the new plans of action of the protection business for advancement—searching for a method for making your insurance agency stick out? InsurTech is the response.
