Insurance news, insurtech startups, health and life insurance policy updates.
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AI tools are transforming the insurance industry by automating tasks, improving customer support, and speeding up claims processing. Explore the top AI tools helping insurance agents work smarter and grow faster.
From AI-native lending platforms to equipment rental solutions, Indian startups continued to attract fresh capital across sectors today. The day saw Uncia raising $3 million to scale its AI-driven lending stack, while Mtandt Rentals secured INR 100 crore to accelerate expansion in the equipment rental ecosystem. Here’s a quick
A tax demand of INR 384 crore, including interest of INR 100 crore for the Assessment Year (AY) 2023-24, was imposed on Go Digit General Insurance by an Income Tax Order dated March 25, 2026. The majority of the changes are related to challenges that affect the entire sector. These
The ICICI Prudential Life Insurance joint venture between Prudential and ICICI Bank is looking to be wound down. The listed insurer is majority-owned by ICICI Bank (50.95% stake) and has a 21.93% stake from Prudential Corporation Holdings Ltd, an indirect wholly owned subsidiary of Prudential Plc of the
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The crypto and Web3 risk infrastructure sector is becoming a core part of the digital finance ecosystem. As blockchain adoption grows, the need for asset protection, smart contract security, decentralized insurance, and stablecoin-based financial systems is increasing. These solutions help reduce risk, improve trust, and support large-scale adoption of digital
For its initial public offering (IPO), insurtech startup Turtlemint has submitted an updated draft red herring prospectus (UDRHP) to the Securities Exchange Board of India (SEBI). A new issue of equity shares up to INR 660.7 Cr and an offer-for-sale (OFS) component of up to 2.86 Cr shares
In its most recent annual report, the regulator, the Insurance Regulatory and Development Authority of India (IRDAI), stated that mis-selling is a serious issue in the insurance industry and that insurers must carry out a root cause analysis to determine the underlying issues. According to the report, the total number
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The process of visa applications involves a detailed evaluation of a traveller's preparedness, self-reliance, and responsibility. With several countries becoming stricter with entry norms and the rise in healthcare costs, embassies are now redefining what an “ideal” visa application is. Travel insurance policy is now one of the
India’s travel insurance market is steadily expanding, showing that more travellers now prefer securing their international journeys. With so many insurers offering different plans, the real challenge lies in choosing a policy that gives you the right protection when you need it most. That is what we will discuss
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Sharing a car with family, friends, or hired drivers is common in India, but many car owners are unaware that their insurance may not automatically cover these additional drivers. If an unlisted driver is involved in an accident, your claim could be denied, leaving you responsible for repair costs and
After the successful launch of Mahindra Manulife Investment Management in 2020, the JV will build on the partnership between Mahindra and Manulife in India, subject to regulatory permission. Each shareholder is anticipated to contribute INR 1,250 crore during the first five years, for a total capital commitment of up
The Washington Post reported on 25 October that Indian officials allegedly droughted and approved a plan in May to redirect approximately $3.9 billion in investments from the state-owned insurer to Adani Group enterprises. The Life Insurance Corporation of India (LIC) refuted the claims. The claims were deemed "false&
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Healthcare expenses in India are soaring by over 13% in 2025. It necessitates financial protection for your family, now more than ever. A family floater health insurance plan offers a comprehensive, affordable, and flexible solution for all family members under a single sum insured. Read on to know more. What
On October 10, Canara HSBC Life Insurance Company will make its first public offering. On October 14, the initial public offering (IPO), which would be an offer-for-sale (OFS) of 23.75 crore shares, will close. A day before the debut, the company will provide anchor investors a portion of the
Beginning a career as an insurance agent brings enthusiasm, but it also presents many challenges. Many people enter this career with the hope of growing financially and achieving independence. However, research shows that most new agents do not make it past their first year. Why is that? The reason is
India’s leading insurance grievance redressal platform, Insurance Samadhan, has released its Q2 2025 Trends Report, which revealed a 45% increase in complaints registered through its platform. The report analysed 4,004 cases involving claims totalling INR 75.4 crore, which suggests more customers are turning to grievance redressal platforms
With the General Insurance Council (GI Council) demanding that the Association of Healthcare Providers (India) (AHPI) reverse its threat to halt cashless services for policyholders of Star Health Insurance, the dispute between hospitals and insurance firms has intensified once more. In order to maintain patient care, the council requested that
Jewellery purchases, credit cards, booking tickets, and more have seen big changes in their daily UPI Limits. Here's the full list...
Misfits, India's pioneering prebiotic soda brand, today announced the successful completion of its seed funding round, raising an undisclosed amount from a consortium of prominent investors. The round was led by Nu Ventures, seasoned angel investor Subba Rao Telidevara, Turiya Advisory Services’ Managing Bijoy Daga, and renowned corporate
A term insurance policy is a popular way to provide a financial safety net to your loved ones in case of any unfortunate incident. People purchase a term plan to secure their family so that they do not have to face financial troubles in case they pass away during the
For many infractions of insurance regulations, insurtech giant Policybazaar was fined INR 5 Cr by the Insurance Regulatory and Development Authority of India (IRDAI). The infractions pertaining to unclear outsourcing contracts with insurers were also listed in the IRDAI order. Lack of Transparency in Outsourcing Deals Raises Red Flags Large
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The digital revolution in India has touched upon all aspects of business and entrepreneurship, so much so that technology has become an integral part of how human beings conduct themselves and related activities. Insurance services in the subcontinent have, over this time, integrated their policies with technology to create unique
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Acko is a digital-first, direct-to-consumer insurance company founded in 2016 by Varun Dua, Chief Executive Officer. Acko operates technology and services platforms focusing on delivering exceptional customer experiences. The company is driven by its unwavering commitment to creating superior value propositions for customers and enhancing engagement. In September 2017, Acko
Mumbai, 24th July 2025 - Bharatsure, one of India’s leading Insurtech companies offering Infrastructure as a Service (IaaS) solutions has raised INR 6 Crores from Inflection Point Ventures (IPV) and other investors including Capital A and Atrium Angels. Bharatsure is pioneering transformation in India's insurtech landscape, unlocking
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Well, life is full of unpredictable situations, and technology on the other hand keeps us at ease. With digitalization booming all across the world, now everything is possible with a click. Earlier, social media platforms were only quite popular forms of digitalization. But now, every facility availed by a common
On May 7, IFFCO-Tokio, a leading general insurer, announced the debut of "Comprehensive Home Protector", a home insurance product that eliminates any insurance gaps. The product covers the risk of loss or damage to the insured's and their family's tangible assets, interests, and liabilities.
Insurance Samadhan, an insurance grievance redressal platform, has raised INR 8.5 crore in a strategic funding round. This round was backed by a group of strategic family offices, with Innovito Ventures as the exclusive financial advisor. The company will use the fund to strengthen its technology infrastructure and expand
Canara HSBC Life Insurance Company Limited, a prominent bank-led private player in the Indian life insurance sector, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the promoters of the company. The offer comprises
Siddhartha Mohanty, CEO, LIC told a prominent media outlet on 18 March that Life Insurance Corporation of India (LIC) is planning to enter the health insurance market and that negotiations to purchase a health insurer are nearing completion. In order to make a major entry into the expanding health insurance
New Delhi, 4th March 2025: Beams Fintech Fund, a leading growth-stage private equity fund focused on the Fintech and Financial Services sector, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round. The round was co-led by Beams Fintech Fund, Japan’s
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Life is risky and uncertain. We don't know what is waiting for us. One may face an untimely death or lose a limb at a time. Accidents do not appear after knocking
With a goal of 10 million lives covered by 2025, insurtech platform Plum has announced that it will invest $6 million over the course of the next 24 months to enter the personal insurance market. Atul Mishra has been selected to lead the sector. Plum said in the news release
One-Time Mandate (OTM) via the Unified Payments Interface (UPI) is now permitted for insurance businesses by the Insurance Regulatory and Development Authority of India (IRDAI). Policyholders will be able to block money in their bank accounts for particular transactions thanks to this function. According to IRDAI, funds are transferred from
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India's financial technology industry has seen an explosive surge in financing over the last several years, with assets totaling more than $8 billion allegedly invested across various stages. India has the world's highest FinTech rate of adoption. India has 10,200 registered fintech startups in 2024
According to reports, Aditya Birla Capital has declared that all three of its primary services—lending, insurance, and investments—will be integrated on the Open Network for Digital Commerce (ONDC). Aditya Birla Capital Ltd. (ABCL) asserts that this makes it the first financial services firm to incorporate all three of
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Niva Bupa Health Insurance is one of India’s leading standalone health insurers, recognized for its innovative offerings and rapid growth. With a robust market share of 17% as of FY24 and coverage extended to over 14 million lives, the company has established itself as a significant player in the
The board has given PB Fintech, an insurtech major, permission to establish a new subsidiary in order to provide healthcare services. "The incorporation of the wholly owned subsidiary has been approved by the board of directors of PB Fintech Limited through a circular resolution passed on December 03, 2024,
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In an unpredictable world where fraud is a constant, insurance offers a consoling barrier against life's transience, safeguarding our vehicles and personal safety. However, not all insurance providers embrace the notion of zero commissions and an exclusively online business model. A notable exception to this norm is Acko,
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On this International Men’s Day, StartupTalky connects with Sajja Praveen Chowdary, Director of Policybazaar for Business. In this exclusive interaction, Chowdary sheds light on how technology is transforming business insurance, making it more accessible and affordable. He discusses the role of digital tools and data in changing the industry,
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In this exclusive interaction with StartupTalky, Khushboo Jain, Co-Founder and COO of CarePal Group, shares her journey of transforming healthcare financing in India. She discusses the inspiration behind CarePal, its unique ecosystem of crowdfunding, insurance, and lending, and how technology is improving healthcare access. Jain also talks about her shift
Under its Employee Stock Option Scheme (ESOP) 2021, PB Fintech, the parent company of the well-known insurtech company Policybazaar, has distributed about 27 lakh equity shares. On November 15, PB Fintech said in an exchange filing that its board has given its authority to distribute 27,85,962 equity shares
Cred, a fintech unicorn that formerly focused on lending and payments, has now expanded into the distribution of insurance goods, starting with auto insurance. According to Akshay Aedula, head of product and growth at Cred, the company is using its vehicle management platform, Cred Garage, to market insurance products to
On 24 October, Go Digit General Insurance announced that the Insurance Regulatory and Development Authority of India (IRDAI) had sent it a show-cause notice because its expenses for the six months ended September 2024 were higher than allowed. According to Go Digit's Q2FY25 financial results notes, the company&
According to various media reports, Jio Financial Services Ltd., which is owned by billionaire Mukesh Ambani, has discussed forming an insurance partnership with Allianz SE in India as the German company looks to end two current joint ventures in the nation. Jio Financial and Allianz are seeking to open a
On October 21, 2024, PhonePe announced a partnership with Bajaj Allianz General Insurance to provide reasonably priced insurance protection against firecracker-related mishaps during Diwali for a certain time. For a payment of INR 9, which includes goods and services tax (GST), the insurance coverage includes a sum insured of INR
Acko Tech, an insurtech unicorn, has launched the Acko flexi term life insurance plan, which provides policyholders with the ability to vary the amount of coverage when their financial responsibilities change. This comes after the company made its debut in the automotive industry. By launching this product, the company intends
Insurtech startup InsuranceDekho, based in Gurugram, has established Heph, a new software-as-a-service (SaaS) company that is affiliated with InsuranceDekho. The company's mission is to provide digital solutions that would ease the operations of insurance distributors around the country. This coming Monday, August 26th, will mark the formal launch
Next two months, the open-source aggregator platform known as the Open Network for Digital Commerce (ONDC) will be launching insurance and mutual fund products. They will also be partnering with MasterCard for credit card processing. Customers with and without salaries will be able to get unsecured credit through ONDC'
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In this engaging interaction with Mr. Rahul Agarwal, Founder and CEO of Ideal Insurance, he shares his journey of building a successful insurance business. He discusses the key milestones that shaped the company's success, the wide range of policies offered, and highlights how the technology helps enhance their
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It's no secret that when it comes to celebrities, controversy often follows them wherever they go. From bizarre obsessions to strange habits, these A-listers are no strangers to making headlines for all the wrong reasons. Some of them have even gone to great lengths to pamper their pets,
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In India, there is hardly anyone who hasn’t heard about LIC. The line ‘Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi’ is a part of our childhood as well as adulthood. From radio to television, to newspapers, and the internet, it is anywhere and everywhere, and honestly, with its
New Delhi (India), July 10: With the Indian economy approaching the $4 trillion GDP mark, the country has seen a significant rise in the incorporation of MSMEs and the rise of new businesses. This growth presents immense opportunities for the commercial insurance segment as employee welfare becomes a central focus
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This article has been contributed by Sanil Basutkar, Co-Founder & Head of Product & Marketing, Bharatsure. The Indian insurance sector has the potential to undergo a significant transformation, driven by the power of AI. For decades, the industry has relied on traditional methods that can be slow, cumbersome, and lack
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It has become important to have insurance by your side in this uncertain world, where anything could happen at any time. Especially when it comes to your health and life, the game out there is risky. Yes, there are insurance companies but having trust and finding a company with a
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StartupTalky presents Recap'23, a series of in-depth interviews where we engage with founders and industry leaders to explore their growth in 2023 and their predictions for the future. Insurance is like a safety net for life's uncertainties. It helps protect people and businesses by offering financial
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. It’s recommended to be insured against the contingencies and emergencies of life. The whole idea behind an insurance policy is to financially cope with unforeseen losses. Being insured helps manage risk and cash
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by At-Bay. In this advanced era, businesses of every size increasingly depend on technology, regardless of the industry. Among all the benefits of innovation, the digitized
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> This article has been contributed by Mr. Sanil Basutkar, Co-Founder, Healthysure. The insurance sector, a vital part of our global economy, is on the cusp of a monumental transformation. This disruption is primarily driven by the advent of artificial intelligence (AI) and the increasing abundance of data. These technological
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Insurance policies provide financial protection and security to individuals and their families in case of any unforeseen events. One such policy is the term insurance policy. It is a pure protection plan that provides a lump sum amount to the nominee in case of the untimely demise of the policyholder.
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> This article has been contributed by Chetan Paliwal, Vice President of Insurance Products, Pazcare. Creating sufficient insurance solutions and implementing them with the necessary penetration poses significant challenges for insurance companies and their distribution channel partners, such as agents and brokers, when insuring small businesses. The key challenge lies
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by AgentSync. Gone are the days when the insurance industry operated using a traditional, in-person approach. With technology affecting all aspects of the corporate world, the
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> StartupTalky presents Recap'22. This is a series of interviews in which we conduct in-depth discussions with founders & industry leaders to understand their growth in 2022 and their predictions for the future. Corporate healthcare programs for organizations and their workforce are critical aspects of employee benefits and
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You're living under a rock if you don’t know what software is. We use it every day, day in and day out. Even if you don’t work on software, you know it. A game is a software made for leisure purposes, there is specific work software.
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A distributed database system that can sign, exchange, and verify transactions and records without the control of a central party is called a Blockchain. This open and secure way of conducting business transactions creates a level of security, transparency, and trust not previously possible. It enables additional stakeholders such as
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Ethika. No matter how great an organisation may be, it is highly impossible to carve a growth path without a healthy ecosystem of happy employees.
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Financial independence is one of the most important things in life these days. Every other person aspires to live a happy and comfortable life, and for that one needs to invest early on to create that savings pool. However, it’s also important to secure the life of your loved
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Symbo. India is the second-largest insurance technology market in Asia-Pacific. Through technology, the insurance industry is revolutionized to a great extent. Indian customers are inclined
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Richie Rich can smoothly afford medical bills from his pocket. So, it is weird that the uber-rich class needs insurance. After all, they don't need to run on a monthly paycheck-to-paycheck cycle. In general, it is observed that insurance is the weapon to fight the out-of-pocket fear of
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The Indian insurance industry has witnessed significant progress with both life and non-life insurance growing at a CAGR of 17% and 14% respectively in the past five years, according to a BCG report. The total number of lives covered in this period has doubled from 12 crores to 23 crores.
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Life is a gift that each one of us cherishes. Indeed, life is so beautiful, but at the same, it's also very uncertain. As we drive through life, we find a partner, bring up a sweet family, and perhaps start a business. Today we're enjoying our
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by HealthySure. Awareness towards health has increased after the Covid-19 pandemic. People have seen a medical crisis during pandemics which has made them more concerned about
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Human beings not only think about their present but also about their future, so it is significant to do something that will at least give them financial security and help them in growing their wealth. None of us is aware of our future, so instead of sitting quietly and doing
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The financial safety of loved ones is the biggest worry of every individual, especially for people who have several dependents and family members. To ensure the dependents’ finances remain unaffected even after their untimely demise, an individual invests in various plans. But it is not necessary that the plan will
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With the advent of digitalization, the rise in threats of cyber-attacks comes in. We have reported large figures in cases relating to cyber-attacks both in the corporate sector and among individuals as well. Cyber-attacks have played a major role in bringing cyber insurance to the core. Cases of rising cyber
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Artivatic. The insurance industry in India is growing 12-15% annually since last few years. Technological revolution has brought a technical drift in the industry. Technology
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In the financial services sector, insurance is always an area that seems like quicksand for the people who lack proper knowledge. Besides, the insurance sector is one that has always been devoid of proper, credible advisors who would steer their clients to fortify their future. This is where the digital
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Sales of life insurance policies are a vital source of revenue for any life insurance company and their primary motivation for doing business. Because today's business operations are so intertwined, claim settlement services significantly influence life insurance policy sales. People can use life insurance plans to cover a
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It is no surprise that Saas has become an essential tool in shaping and transforming industries. Nowadays, Insurance industry are being transformed into virtual businesses only because of what virtualization has made the service efficient, accurate, and easier to use. Software as a service has become the trend these days.
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The Government of India owns the Life Insurance Corporations of India (LIC), which is an insurance and investment business. The Life Insurance Corporation of India (LIC) was established on September 1, 1956, when the Parliament passed the Life Insurance of India Act, which nationalised the Indian insurance business. The state-owned
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Having insurance for anything that goes wrong ensures that you are shielded. The insurance will pay you back the money. Looking in the times we are, having industry in place is a must. Insurance is available for everything. Ranging from insurance for your car to one for your home or
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Insurance industry in India is not a recent development. It has its route extended even in the writings of Kautilya, Manu, Yagnavalkya etc. Insurance is in fact a very reasonable move to diminish the risk of loss by transferring it from one unit to another in exchange for payment. Various
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Competition is everywhere. To sustain in the market we have to keep pushing our limits. We have to keep working hard to meet our goals. For that case, the new startups should be ahead of their peers to remain on the top. Staying on the top doesn't mean
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on. Insurance is a tricky business. And with so many market providers, it becomes more difficult for the consumers to
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Flipkart which is owned by Walmart has announced that it will cover insurance for all its platform sellers in India and waive additional fees. The announcement was made after Amazon’s announcement which said that it would reduce 50 % of the referral fees which the sellers on Amazon’s platform
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Insurance Industry
The insurance industry in India is a pool of insurance companies hedging insurance seekers against risk through the means of insurance contracts. The contract is an agreement between the insurer and the insured in which the payment of the former guarantee for an uncertain event against a premium paid by
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Many small businesses and startups feel intimidated by the responsibility of providing the best health insurance [https://startuptalky.com/insurance-industry-in-india/] for their employees. The fees are high and startups with limited capital investment sometimes opt to avoid insurance coverage. But entrepreneurs are more at risk than ordinary employees because many
Life Insurance
This post is dedicated to the domain of life insurance, the different types of life insurance, the way these instruments are sold, and several other points. India had about 328 million life insurance policies in 2019, so it's a pretty huge business that one needs to understand and
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This is a term that is so new and fresh to a number of people but key person life insurance policy is an insurance policy that provides death benefit to a business [https://startuptalky.com/tag/business/] if its owner or another significant employee passes away. In small businesses [https:
Covid-19
The coronavirus outbreak [https://startuptalky.com/tag/coronavirus-outbreak/] has affected all aspects of human life in the last two months. The deadly COVID-19 has affected around 3 million people worldwide. Many governments have taken steps such as lockdown to contain the spread of Covid-19. A large number of people have