India’s insurance landscape is rapidly evolving, driven by digital transformation and customer-centric innovations. This dynamic sector blends insurance with advanced technologies like AI, IOT, blockchain, and big data. The following top 10 Insurtech companies revolutionalise traditional models and make insurance more accessible and efficient to modern needs.
Top 10 Insurtech Companies in India in 2025
- Zopper
India’s leading Insurtech company that simplifies insurance distribution with powerful APIs and end-to-end solutions.
Founded Headquarters:
2011| Noida
Known For:
Helping insurance businesses go digital faster with customised APIs, embedded solutions, and automation tools for smooth policy distribution.
Key Innovations:
Launched AI AI-powered platform to automate insurance workflows, enhancing speed, accuracy, and customer experience in 2025.
Quick Stats:
- 800+ employees across the country
- Partners with 200+ insurance companies
- Powerful insurtech APIs for leading banks, NBFCs, and MFIs.
- Recenty raises $125M for expansion.
Why It Stands Out:
Zopper empowers insurers with cutting-edge innovation, AI-driven solutions, and smooth integration, making insurance faster and smarter.
- Policy Bazaar
India’s largest online platform for comparing and purchasing insurance.
Founded Headquarters:
2008 | Gurugram
Known For:
Making it easy for people to compare policies for life, health, car, and travel insurance all in one place.
Key Innovations:
Launched smarter tools to help users find the right cover based on their needs, including AI-based suggestions and quick help with claims.
Quick Stats:
- Over 10 million policies sold
- Works with 50+ insurance companies
- Listed on the stock exchange in 2021
Why It Stands Out:
Policy Bazaar is trusted by millions for its simple, clear, and easy-to-use platform.
- HephByInsuranceDekho
India’s top Insurtech company that simplifies insurance comparison and purchasing with user-friendly and tech-powered solutions.
Founded Headquarters:
2016 | Gurugram
Known for:
HephByInsuranceDekho makes comparing insurance easy, gives tailored advice, and simplifies the process of buying insurance.
Key Innovations:
Its key innovation is the launch of an AI-driven platform that provides insurance recommendations, streamlining the policy selection process for users.
Quick Stats:
- 49 insurers are partnered with Heph
- Widely spread across 20+ industries
- 100+ clients are involved in Heph
Why It Stands Out:
HephByInsuranceDekho is unique because it provides many types of insurance, easy-to-use online tools, and helpful customer service.
- Acko General Insurance
India's top digital insurance company, offering fast, transparent, and affordable coverage.
Founded Headquarters:
2016 | Bangalore
Known for:
Offering quick, paperless insurance solutions with affordable premiums and seamless digital claims processing.
Key Innovations:
Introduced AI-driven claims processing and policy recommendations for a faster, hassle-free customer experience.
Quick Stats:
- Revenue is 2,106.25 crores in 2024
- It Achieved a claim settlement ratio of 99.91%
- Achieved unicorn status in 2021
- Acko becomes a unicorn after $255M funding.
Why It Stands Out:
Acko General Insurance is known for its fast, paperless processes and customer-centric digital platform, offering quick claims and affordable premiums.
- Renew Buy
Simplifying insurance purchases with personalised plans and seamless digital experiences.
Founded Headquarters:
2015 | Gurugram
Known for:
Offering a one-stop platform to compare and buy health, life, and car insurance with personalised solutions.
Key Innovations:
Introduced tech-driven instant comparison tools for quicker, tailored insurance buying experiences.
Quick Stats:
- Over 5 million policies sold to consumers
- Partners with 40+ insurance providers
- Raised $40 million in funding in 2023
Why It Stands Out:
Renew buy is trusted for its user-friendly platform, offering easy insurance comparisons and personalised recommendations.
- Servify
India’s leading Insurtech company that streamlines device protection and warranty management with innovative tech-driven solutions.
Founded Headquarters:
2015 | Mumbai
Known For:
Transforming device protection and warranty management with tech-driven solutions, seamless integrations, and global partnerships for enhanced customer experience.
Key Innovations:
Introduced advanced tools to simplify device protection, offering AI-driven recommendations and faster claims processing.
Quick Stats:
- Servify has 75+ Brand customers
- 360 product lifecycle management platform
- Partnered with over 50 brands across multiple players.
Why It Stands Out:
Servify offers easy device protection with smart technology and great customer support, transforming insurance for tech users.
- Toffee Insurance
Toffee Insurance provides affordable, customisable insurance with a seamless, user-friendly digital experience.
Founded Headquarters:
2017 | Gurugram
Known for:
Offering affordable, flexible insurance options with simple, digital-first solutions for everyday needs.
Key Innovations:
Introduced custom-made, AI-powered plans and quick, hassle-free claims processing.
Quick Stats:
- Over 1 million policies sold
- 56.4 Cr is the valuation of the toffee insurance
- Raised $12.2M across 6 rounds.
- 1% of claims are approved in the toffee insurance
Why It Stands Out:
Toffee Insurance is trusted for its affordable, flexible policies and seamless digital experience, offering quick, easy coverage options.
- BimaKavach
BimaKavach provides accessible, customisable insurance solutions with seamless digital claims and support.
Founded Headquarters:
2021 | Bangalore
Known For:
Providing easy access to customisable insurance plans with quick digital claims and seamless policy management.
Key Innovations:
Introduced AI-driven policy recommendations and instant claim assistance for a hassle-free experience.
Quick Stats:
- Target ₹100 Cr GWP FY25.
- Partnered with India’s Top 20 Insurers.
- Raised total funding of $2 million in 2022
Why It Stands Out:
BimaKavach is trusted for its simple, flexible insurance solutions and quick, digital claim processing, offering seamless customer support.
- Coverfox
Coverfox simplifies insurance with personalised plans, quick comparisons, and smooth digital experiences.
Founded Headquarters:
2013 | Mumbai
Known for:
Coverfox is known for easy, fast insurance comparisons and insurtech solutions.
Key Innovations:
Launched AI-powered insurance recommendations and faster, hassle-free claims processing.
Quick Stats:
- 60% loss reduction in 2022
- Coverfox aims to triple revenue to Rs 127 crore.
- Partners with 40+ insurance providers
- Annual revenue in 2024, Rs 14.5 Cr
Why It Stands Out:
Coverfox is trusted for its user-friendly platform, offering quick insurance comparisons and smooth digital experiences.
- Plum Insurance
India's leading health insurance platform, offering personalised, affordable coverage with a seamless digital experience.
Founded Headquarters:
2019 | Bengaluru
Known for:
Offering custom health insurance plans with a seamless, user-friendly digital experience.
Key Innovations:
Introduced Policy GPT, an AI-powered tool that provides instant answers about health insurance policies, enhancing user understanding.
Quick Stats:
- Over a million policies sold
- Partners with 30+ insurance providers
- Plum Insurance raised $20.57M, $15.6M in 2021.
Why It Stands Out:
Plum Insurance is trusted for its simple, transparent, and affordable health insurance plans, offering seamless digital experiences.
Conclusion
These top 10 Insurtech companies in India are revolutionising the insurance landscape by leveraging advanced technologies like AI, blockchain, and automation. Their innovative solutions offer personalised, efficient, and accessible insurance products, empowering consumers and enhancing the overall industry experience. These companies are paving the way for a smarter, digital future in insurance.
