In the ever-changing insurance and healthcare sector, businesses are excelling to promote awareness and literacy. By leveraging technology and innovative approaches, these startups & companies have emerged as valuable contributors in the sectors. Through user-friendly platforms and educational initiatives these progressive organizations simplify complex insurance products and bridge the knowledge gap for consumers. Their efforts not only protect people’s financial interests but also foster a healthier and more educated society, ensuring better access to appropriate & valid opportunities. 4 companies whose dedication to increase awareness not only protects financial interests but also contributes significantly to the overall well-being of individuals and communities alike in India are

Bimaplan: is an InsurTech startup helping drive insurance adoption through technology. India has a low insurance penetration, and the low/middle-income population is underserved by legacy insurers and distributors. Bimaplan’s full-stack embedded insurance platform enables businesses to seamlessly distribute relevant insurance products to their customers. They partner with financial services companies, technology startups, e-commerce platforms, and companies in various segments to build customized insurance products for their users. Bimaplan is recognized by the Center for Financial Inclusion as one of the emerging global InsurTech startups driving financial inclusion. 

Coverfox: is an insurance technology business that promotes the use of insurance. As a result, they are now authorized to sell insurance products to all Indian insurance firms. Through their website, they assist in selecting the best insurance plan from a variety of options offered on the market. With the stroke of a mouse, you can instantly compare the shortlist of plans, conduct research on insurance and decide which policy to purchase. Nowadays, purchasing insurance online is just as quick and easy as purchasing books, clothes, and plane tickets.

Acko: is an InsurTech startup that is utilizing technology to promote the adoption of insurance services. They started in 2016 as India’s first digital insurer, and are currently the fastest growing insurance company in the country. In a span of three years they have revived insurance with technology and created products that are a cut above the ho-hum, and sold them to over 50 million unique customers. The team has grown from a small huddle of 6 when they started, to a clan of more than 400 now. And this eclectic clan—comprising everyone from coders who double up as comics to finance whizzes who slay at karaokes—is responsible for other great feats too. 

Turtlemint: A startup in the InsurTech industry is leveraging technology to encourage the widespread acceptance and usage of insurance products. It seeks to “demystify” insurance by demystifying the terminology and offering shrewd tools to assist a user in making the best decision. From search to purchase, the entire process can be completed online in just a few clicks.The company offers car insurance, bike insurance, health insurance, and term life insurance. It was founded in 2015 and is based in Mumbai, Maharashtra, India.