Market
Insurtech in India
98 companies · 284 stories · $251.0M disclosed
Insurtech Daily tracks 98 insurance and insurtech companies headquartered in India — 34 insurers, 33 insurtechs and 20 technology vendors, across 284 stories going back to Aug 9, 2024. Between them they have disclosed $251.0M across 14 funding rounds, the largest InsuranceDekho's $70M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| InsuranceDekho | $70M | — | Beams Fintech Fund, Mitsubishi UFJ and BNP Paribas Cardif | MarcaMoney+5 | |
| InRisk Labs | $27M | Series A | — | Indian Startup News+3 | |
| Plum | $20M | Series B | Peak XV Partners | Life Insurance International+8 | |
| Kshema General Insurance | $20M | — | Green Climate Fund | The Economic Times | |
| InsuranceDekho | $14.5M | — | — | VCCircle | |
| RenewBuy | $10M | — | — | The Economic Times | |
| Pibit.AI | $7M | — | Stellaris Venture Partners | YourStory.com+3 | |
| Mitigata | $5.9M | Series A | — | Elets BFSI+1 | |
| InsuranceDekho | $4.6Mas reported: ₹38.5cr | — | — | MediaNama | |
| Insurance Samadhan | $1.0Mas reported: ₹8.5cr | — | — | Entrackr | |
| Bharatsure | $720Kas reported: ₹6cr | — | IPV | Entrackr+1 | |
| NeuralKart | $282Kas reported: ₹2.4cr | Seed | Inflection Point Ventures | Whalesbook+5 |
The 12 largest of 14 disclosed rounds. Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| InsuranceDekho | Insurtech | Gurugram | 34 | $89.1M |
| IRDAI | Industry body | Hyderabad | 27 | — |
| Turtlemint | Insurtech | Mumbai | 24 | — |
| Plum | Insurtech | Bengaluru | 15 | $20M |
| Zopper | Insurtech | Noida | 11 | $25M |
| Acko | Insurtech | Mumbai | 10 | — |
| Policybazaar | Broker | Gurugram | 10 | — |
| RenewBuy | Insurtech | Gurugram | 9 | $10M |
| LIC | Insurer | Mumbai | 9 | — |
| NeuralKart | Insurtech | — | 8 | $282K |
| Infosys | Technology vendor | — | 7 | — |
| Ageas Federal Life | Insurer | — | 6 | — |
| Digit | Insurer | Bengaluru | 6 | — |
| InRisk Labs | Insurtech | Ahmedabad | 5 | $27M |
| Coforge | Technology vendor | — | 5 | — |
| PB Fintech | Insurtech | Gurugram | 5 | — |
| Pibit.AI | Insurtech | Bengaluru | 4 | $7M |
| Go Digit | Insurtech | — | 4 | — |
| Wipro | Technology vendor | Bangalore | 4 | — |
| Onsurity | Insurtech | — | 3 | $45M |
| Kshema General Insurance | Insurer | — | 3 | $20M |
| Bima Sugam | Insurtech | — | 3 | — |
| Ethika Insurance Broking | Broker | — | 3 | — |
| Galaxy Health Insurance | Insurer | — | 3 | — |
| HDFC ERGO | Insurer | Mumbai | 3 | — |
| HDFC Life | Insurer | Mumbai | 3 | — |
| Jupiter Money | Insurtech | Bengaluru | 3 | — |
| Kiwi General Insurance | Insurer | — | 3 | — |
| Mitigata | Insurtech | — | 2 | $5.9M |
| Bharatsure | Insurtech | — | 2 | $720K |
| Aditya Birla Sun Life Insurance | Insurer | Mumbai | 2 | — |
| Bajaj Life | Insurer | — | 2 | — |
| Covrzy | Insurtech | — | 2 | — |
| EarthRe | Reinsurer | — | 2 | — |
| ForaySoft | Technology vendor | Hyderabad | 2 | — |
| Generali Central | Insurer | — | 2 | — |
| Girnar | Broker | — | 2 | — |
| IndusInd General Insurance | Insurer | — | 2 | — |
| Life Insurance Corporation of India | Insurer | — | 2 | — |
| NexInsure | Insurtech | — | 2 | — |
| Niva Bupa | Insurer | — | 2 | — |
| Perfios | Technology vendor | Bengaluru | 2 | — |
| PhonePe | Technology vendor | Bengaluru | 2 | — |
| PNB MetLife | Insurer | Mumbai | 2 | — |
| SBI General | Insurer | — | 2 | — |
| Tata AIA Life Insurance | Insurer | Mumbai | 2 | — |
| Insurance Samadhan | Insurtech | — | 1 | $1.0M |
| Artivatic Data Labs | Insurtech | Bengaluru | 1 | — |
| Artivatic Insurtech | Insurtech | Bengaluru | 1 | — |
| Axis Max Life | Insurer | New Delhi | 1 | — |
| Bajaj Allianz General Insurance | Insurer | Pune | 1 | — |
| Bajaj Finserv | Insurer | Pune | 1 | — |
| Bajaj General Insurance | Insurer | — | 1 | — |
| BimaKavach | Insurtech | — | 1 | — |
| Bimaplan | Insurtech | — | 1 | — |
| CAMS | Technology vendor | Chennai | 1 | — |
| CAMSREP | Technology vendor | — | 1 | — |
| Canara HSBC Life | Insurer | Gurugram | 1 | — |
| Care Health Insurance | Insurer | New Delhi | 1 | — |
| CarePlix | Technology vendor | — | 1 | — |
| Coverfox | Insurtech | Mumbai | 1 | — |
| CoverSure | Insurtech | — | 1 | — |
| Cygnet.One | Technology vendor | Ahmedabad | 1 | — |
| Damco | Technology vendor | Noida | 1 | — |
| Datamatics | Technology vendor | Mumbai | 1 | — |
| Digivriddhi Tech | Insurtech | — | 1 | — |
| Ditto Insurance | Broker | — | 1 | — |
| DROOU | Insurtech | Ahmedabad | 1 | — |
| FatakSecure | Insurtech | — | 1 | — |
| GIC Re | Reinsurer | Mumbai | 1 | — |
| HCL | Technology vendor | — | 1 | — |
| HCLTech | Technology vendor | Noida | 1 | — |
| ICICI Lombard | Insurer | Mumbai | 1 | — |
| ICICI Prudential Life Insurance | Insurer | Mumbai | 1 | — |
| Ideal Insurance Brokers | Broker | — | 1 | — |
| IHX | Technology vendor | — | 1 | — |
| India InsurTech Association | Industry body | — | 1 | — |
| IndusInd Nippon Life Insurance | Insurer | — | 1 | — |
| Infras | Technology vendor | — | 1 | — |
| jUMPP | Insurtech | — | 1 | — |
| Kenko Health | Insurtech | — | 1 | — |
| Liberty General Insurance | Insurer | — | 1 | — |
| Max Financial | Insurer | New Delhi | 1 | — |
| Navi | Insurtech | Bengaluru | 1 | — |
| NICL | Insurer | Kolkata | 1 | — |
| Oriental Insurance | Insurer | New Delhi | 1 | — |
| PadosiAgent | Insurtech | Ahmedabad | 1 | — |
| Probus | Broker | — | 1 | — |
| Profinch | Technology vendor | Bengaluru | 1 | — |
| Quickinsure | Broker | — | 1 | — |
| Remedinet | Technology vendor | — | 1 | — |
| Riskcovry | Insurtech | Mumbai | 1 | — |
| Shriram General Insurance | Insurer | — | 1 | — |
| Shriram Life Insurance | Insurer | Hyderabad | 1 | — |
| SLK Software | Technology vendor | — | 1 | — |
| Vama | Insurer | — | 1 | — |
| Visit Health | Technology vendor | — | 1 | — |
| Zuno General Insurance | Insurer | Mumbai | 1 | — |
Coverage
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Digit Insurance CEO Jasleen Kohli Wins Woman Leader of the Year at Asia Insurance Industry Awards 2026
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Acko’s Digital Insurance Distribution Model
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IRDAI urges insurers to adopt face authentication
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Insurers are becoming technology employers in the race for digital talent: Axis Max Life CPO - People Matters
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Firecracker insurance gains traction with ₹10-21 festive covers; PhonePe, CoverSure offer niche protection
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Ethika Insurance Broking wins Special Jury Recognition for Claims Excellence
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Ethika Insurance Broking: The Award-winning Team Fighting for *your* Claims.
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Ethika Insurance Broking: The award-winning team fighting for *your* claims.
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No dynamic pricing in insurance, says IRDAI chief, stresses fair premium comparisons
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EXCLUSIVE | PhonePe Insurance Sees 123% Surge In New Vehicle Insurance Policies On Maha Navami, 1.5X Festive G
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IndusInd General Insurance Appoints Sharad Mathur as Managing Director & CEO, Following Statutory Approval
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IRDAI to ensure smooth transition to new commission rules, may launch Public Insurance Registry in Jan 28: Seth
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IRDAI eyes January 2028 beta launch of Public Insurance Registry: Chairman Ajay Seth
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Effective insurance coverage in India could double from 15% to 30% in five years: IRDAI Chairman
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IRDAI eyes January 2028 beta launch of Public Insurance Registry: Chairman Ajay Seth
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Damco Expands AI Capabilities Into P&C Insurance Solutions
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IRDAI insurance commission proposal: Could lower distributor payouts make insurance harder to access in smaller towns?
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Tarun Khanna Joins Perfios As CEO – Perfios Insurtech, IHX & Remedinet
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IRDAI insurance reforms: Lower costs may not be enough without better claims
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NexInsure Named “InsurTech Distribution Platform of the Year” at GAIP InsureTek India 2026
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NexInsure Named “InsurTech Distribution Platform of the Year” at GAIP InsureTek India 2026
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Cygnet.One and The Unlimited Modernize Core Insurance Platform on Microsoft Azure
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Insurance Stocks Crash: PB Fintech, HDFC Life, Max Financial Shares Fall as IRDAI Proposes Dark Pattern Ban
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Oriental Insurance earmarks US$52m for digital overhaul, direct distribution push
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HCLTech and Keylane partner to fast-track digital transformation of Europe’s life and pension providers
HCLTech and Keylane Life and Pension, a European provider of SaaS-based core administration platforms for the insurance and pension industry, have announced a partnership to address the modernisation of core IT systems…
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InsuranceDekho launches ‘Bharat Dekho, Badh Raha Hai’ brand anthem
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InsuranceDekho merges with RenewBuy
The two businesses have facilitated more than 20 million policies.
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IRDAI Proposes Digital Insurance Registry to Improve Underwriting and Transparency
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IRDAI proposes Public Insurance Registry to boost transparency, data sharing across sector
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Indian insurtech platforms InsuranceDekho and RenewBuy merge to create pan-India insurance platform
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IRDAI pitches public insurance registry to reshape industry
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InsuranceDekho and RenewBuy officially announce merger
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Gig Insurance Rules Put Go Digit Stock And APAC Insurers In Focus
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Ahmedabad-based insurtech startup InRisk Labs raises $27 million from Bessemer, Northpoint Capital
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PB Fintech Q1 FY27 slides: 92% PAT surge, AI drives insurtech leadership
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Tata AIA Life Insurance Appoints Kamlesh Jobanputra as Chief Technology Officer
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Parametric insurtech InRisk Labs raises $27 million in Series A round
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EarthRe gets reinsurance licence for GIFT City as parent InRisk Labs closes Series A
EarthRe Insurance IFSC Limited, a technology-driven, non-life reinsurance company, has become the first locally incorporated reinsurer in India’s GIFT City after receiving IFSCA approval for its reinsurance licence, as…
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Insuretech startup InRisk Labs raises $27M in Series A
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InRisk Labs Raises $27 Million as EarthRe Secures IFSC Reinsurance Licence
The 40 most recent of 284 stories naming a company based in India.