Company lists
The India edition · 2026

InsurTechcompanies in India

Platforms, software, employee benefits, lending & banking tech, motor & connected car and more: the companies building insurtech in India, with their founders, funding, team size and business models.

539 company profiles246 with reported revenue111 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent insurtech business events in India

Funding, M&A, contract wins and launches involving 711 insurtech companies in India, last 24 months: 26 funding rounds · 21 M&A deals · 13 launches · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Raise Financial acquires GreenLife Insurance

Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking. The…

Insurance broking
M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking

Raise Financial Services, the holding company of the stock trading platform Dhan, has recently acquired GreenLife Insurance Broking as part of its formal entry into the insurance…

Insurance
LaunchAutonomous Customer Operations Platform

Talisma

Talisma has launched its latest platform, the Autonomous Customer Operations Platform, to ease AI adoption in financial services and education sectors.

LaunchZENOVA

Zopper

Zopper, India’s leading insurtech company, announced the launch of ZENOVA, an agentic layer designed to transform how banks distribute insurance products.

Insurance distribution layer
Funding

Acko General Insurance

ACKO has raised $598 million — the highest among all funded InsurTech companies in India as of January 2026.

InsurTech
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
FundingQIP

Pb fintech

PB Fintech Ltd, the parent of Policybazaar, said on Monday that its board will meet on 5 February to consider raising capital through a qualified institutional placement (QIP) to fund…

M&AAcquisition · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
FundingSeries D

Arya

With farmers facing greater climate‑related threats to their livelihoods, the company is expanding its services with funding from climate‑focused GEF Capital Partners, a spinout from the…

Agtech
M&AMerger · Announced

Go Digit General Insurance acquires Go Digit Infoworks Services

Go Digit General Insurance’s board has approved the amalgamation of its holding company, Go Digit Infoworks Services, into the listed entity.

IT Consulting
FundingPreferential Issue

Medi Assist Healthcare Services

Shardul Amarchand Mangaldas & Co. (SAM) advised Medi Assist Healthcare Services Limited (“Medi Assist”) on its ~INR 198 crores fundraise through preferential issue of equity shares to…

Investors Massachusetts Institute of Technology, 238 Plan Associates
Healthcare Services
M&AAcquisition · Completed

Info edge acquires Pb fintech

Info Edge acquired an additional 6.47% stake in PB Fintech through an NCLT-approved amalgamation process

Fintech
M&AAcquisition · Announced

Girnar finserv acquires SeedsAI

Girnar Finserv Private Limited (GFPL), an affiliate of InsuranceDekho, today announced the acquisition of SeedsAI, a SaaS platform specializing in LLM orchestration and AI automation.

SaaS platform for LLM orchestration and AI automation
M&AAcquisition · Completed

Federal bank acquires Ageas federal life insurance

Federal Bank has acquired an additional 3,20,00,000 equity shares (4%) of Ageas Federal Life Insurance Company (AFLIC) from Ageas Insurance International NV at a price of Rs. 30.45 per…

Life insurance
LaunchNexus 360

Perfios

Indian B2B Software as a Service (SaaS) firm Perfios has expanded its Nexus 360 credit decisioning platform across South East Asia.

Credit decisioning platform
FundingPreferential Allotment

Medi Assist Healthcare Services

Medi Assist Healthcare Services Ltd has secured ₹198 crore from the Massachusetts Institute of Technology and its affiliate 238 Plan Associates LLC through a preferential allotment, the…

Investors Massachusetts Institute of Technology, 238 Plan Associates
Health Benefits Administration
LaunchSureMatch

Impactsure technologies

Impactsure Technologies, a leading global provider of AI-driven solutions for banking and financial services, today announced the launch of SureMatch, its next-generation Agentic AI…

Agentic AI platform for Global Trade
LaunchReserve Pay

Navi

Navi announced two new UPI features today based on yesterday’s UPI product launches. Reserve Pay and EV Recharge via Banking Connect will now soon be featured on Navi’s app.

UPI Feature
M&ACompleted

Na acquires Medi Assist Healthcare Services

Bessemer India Capital Holdings II Ltd. has sold 1.11 crore equity shares, representing 15.67% of the total share/voting capital, in Medi Assist Healthcare Services Limited.

M&AAcquisition · Announced

Pb fintech acquires Pensionbazaar.com

PB Fintech has acquired Pensionbazaar.com

FundingSecondary Transaction

Acko

The family office of cricketer MS Dhoni has invested in insurtech unicorn Acko, participating in a secondary transaction.

Investors Dhoni Family Office
InsurTech
FundingDebt funding

Navi technologies

Fintech unicorn Navi Technologies has secured ₹170 crore (approximately $20 million) through a debt funding round led by PhillipCapital, with participation from NDX Finserve, Arpee…

Investors Phillipcapital, NDX Finserve, Arpee Group, Ambit finvest
Fintech
Funding

Bharatsure

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…

Insurtech
FundingGrowth

Credit wise capital

Moving to India, Credit Wise Capital, a consumer lending platform focused on financing two-wheelers and EVs, raised $23.3 million in a growth funding round.

Consumer Lending
LaunchVahana Hub

Decimal technologies

Decimal Technologies announced the strategic revamp of Vahana Hub into a public marketplace of APIs and composable apps.

Public marketplace of APIs and composable apps
Funding

Renewbuy

Insurtech startup Renewbuy has raised $10 million (approx. ₹86 crore) in fresh funding from its existing investors, Apis Partners and 360 One (formerly IIFL Wealth), according to sources…

Insurtech
M&AMerger · Announced

Renewbuy acquires Insurancedekho

The fresh capital will strengthen operations and fuel expansion as the company advances its proposed merger with InsuranceDekho, a deal that could value Renewbuy at $300–350 million.

LaunchLife Insurance

Quickinsure

Quickinsure, a digital-first insurance broker, has announced two key initiatives aimed at expanding insurance access across India: the addition of life insurance to its growing product…

Insurance

InsurTech companies in India, by revenue

Browse insurtech companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 246 insurtech companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of general and life insurance products across various categories

Internet first insurance platforms
₹8,219.52 crFY 2023-24
+40%2023–2024
3,146-82% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of an online platform offering insurance and lending products through its flagship brands

Internet first insurance platforms
₹5,384.94 crFY 2024-25
+41%2024–2025
106-53% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans

Internet first insurance platforms
₹4,248.78 crFY 2024-25
+50%2024–2025
13,620+35% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
223postings · last posted Sep 2026

Provider of car, bike, health, life, and travel insurance policies

Auto e-commerce & content
₹2,887.45 crFY 2024-25
+34%2024–2025
1,750+6% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
37postings · last posted Sep 2026

Provider of financial products including UPI, loans, insurance, and mutual funds

Payments
₹2,689.14 crFY 2024-25
-4%2024–2025
3,276-8% 12 mo to Aug 2024LinkedIn · Jul 2026
14 yr2012
44postings · last posted Sep 2026

Provider of IT and ITES solutions for insurance sectors

Insurance it
₹952.01 crFY 2024-25
+18%2024–2025
11+10% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

AI powered product lifecycle management platform

Consumer electronics e-commerce
₹786.91 crFY 2024-25
Not reported
532-5% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of AI-driven platform for financial analysis, verification, and decisioning

Insurance it
₹708.65 crFY 2024-25
Not reported
1,573LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Provider of platform for comparing and purchasing insurance, loans, and funds

Internet first insurance platforms
₹693.21 crFY 2024-25
+482%2024–2025
2,608-16% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of doorstep repair and maintenance services for electronic devices and home appliances

Internet first insurance platforms
₹677.18 crFY 2024-25
+183%2024–2025
799-3% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
16postings · last posted Sep 2026

Provider of protection plans and repair services for electronic devices

Consumer electronics e-commerce
₹633.45 crFY 2024-25
+18%2024–2025
719-9% 12 mo to Feb 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

A digital insurance provider offering crop insurance solutions to farmers and cultivators

Internet first insurance platforms
₹574.21 crFY 2024-25
+39%2024–2025
2+906% 12 mo to Jan 2024LinkedIn · Jul 2026
8 yr2018
5postings · last posted Aug 2026

Developer of cloud-based platform for digital lending and finance management solutions

Insurance it
₹320.98 crFY 2024-25
+5%2024–2025
3,426-9% 12 mo to Aug 2024recorded Aug 2024
20 yr2006
1postings · last posted Sep 2026

Provider of composable platform for CRM, data management, lending, and AI agent solutions

Insurance it
₹312.77 crFY 2024-25
Not reported
1,117+3% 12 mo to Aug 2023LinkedIn · Jul 2026
25 yr2001
4postings · last posted Sep 2026

Online platform for insurance comparison

Internet first insurance platforms
₹279.96 crFY 2024-25
+28%2024–2025
619-22% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
11postings · last posted Sep 2026

Provider of motor, life & health insurance services

Internet first insurance platforms
₹277.44 crFY 2024-25
-30%2024–2025
154+0% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

Real-time credit-decisioning platform and data aggregation APIs

Banking tech
₹244.66 crFY 2022-23
Not reported
1,573+2% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
—No postings tracked

Provider of financial services and solutions

Internet first insurance platforms
₹229.90 crFY 2024-25
-54%2024–2025
309+7% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Online comparison platform for life, health, and travel insurances

Internet first insurance platforms
₹224.73 crFY 2024-25
+108%2024–2025
435-9% 12 mo to Aug 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Mar 2026

Insurance web aggregator

Internet first insurance platforms
₹160.22 crFY 2022-23
Not reported
1,072+6% 12 mo to Aug 2023recorded Aug 2023
11 yr2015
—No postings tracked

Provider of a monthly subscription-based employee healthcare platform offering group health benefits

Hrtech
₹168.26 crFY 2024-25
Not reported
419-28% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of insurance broking services for life, health, and general insurance

Internet first insurance platforms
₹166.03 crFY 2024-25
+9%2024–2025
60LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Platform for insurance broking and policy comparison

Internet first insurance platforms
₹142.50 crFY 2024-25
+250%2024–2025
305+5% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Sep 2026

Platform offering insurance products and services

Internet first insurance platforms
₹137.51 crFY 2024-25
+18%2024–2025
4-76% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of loans and vehicle-related services via digital platforms

Insurance it
₹127.25 crFY 2024-25
+15%2024–2025
248+8% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months
50 of 539 companies shown here · the full list is on Radar
Fliar Radar

Explore all 539 insurtech companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open insurtech in India on Radar
  • Every company, not just 50All 539 insurtech companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore insurtech companies in India by what you are looking for

Browse top insurtech companies in India, from online insurance platforms to insurance software providers. You can also find insurtech startups in India and insurtech companies hiring right now.

9 ways to explore insurtech in India

Online insurance platforms & insurersInsurance software & technology providersEmployee health insurance & benefits companiesLending, banking & fintech technology companiesMotor insurance & connected vehicle companiesAI, chatbot & customer engagement companies for insurance

Online insurance platforms & insurers

Digital insurers and comparison sites where people buy car, health and life cover online.

  1. Digit Insurance

    Provider of general and life insurance products across various categories

    Internet first insurance platforms
    See in list
  2. PB Fintech

    Provider of an online platform offering insurance and lending products through its flagship brands

    Internet first insurance platforms
    See in list
  3. Policybazaar

    Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans

    Internet first insurance platforms
    See in list
  4. ACKO

    Provider of car, bike, health, life, and travel insurance policies

    Auto e-commerce & content
    See in list
  5. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list

Insurance software & technology providers

Companies that build policy, claims, CRM and sales software for insurers and agents.

  1. Shriram Value Services

    Provider of IT and ITES solutions for insurance sectors

    Insurance it
    See in list
  2. Perfios

    Provider of AI-driven platform for financial analysis, verification, and decisioning

    Insurance it
    See in list
  3. BUSINESSNEXT

    Provider of composable platform for CRM, data management, lending, and AI agent solutions

    Insurance it
    See in list
  4. Exdion

    Digital transformation and automation for the insurance and healthcare sectors

    Insurance it
    See in list
  5. C2L BIZ

    Software suite for the insurance industry

    Insurance it
    See in list

Employee health insurance & benefits companies

Platforms that help employers offer group health cover and manage employee benefits.

  1. OnSurity

    Provider of a monthly subscription-based employee healthcare platform offering group health benefits

    Hrtech
    See in list
  2. Pazcare

    Provider of employee benefits management platform for companies

    Hrtech
    Website
  3. Ethika

    Provider of insurance benefits administration solution for enterprises

    Hrtech
    Website
  4. Bharatsure

    Provider of technology and infrastructure for employee benefits and embedded insurance

    Insurance it
    Website
  5. Wurkwell

    Provider of employee workplace wellness and benefits platform

    Employee health it
    Website

Lending, banking & fintech technology companies

Fintech firms serving insurers and banks with lending, credit and banking technology.

  1. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list
  2. Perfios

    Provider of AI-driven platform for financial analysis, verification, and decisioning

    Insurance it
    See in list
  3. NovacTech

    Developer of cloud-based platform for digital lending and finance management solutions

    Insurance it
    See in list
  4. BUSINESSNEXT

    Provider of composable platform for CRM, data management, lending, and AI agent solutions

    Insurance it
    See in list
  5. Girnar Finserv

    Provider of financial services and solutions

    Internet first insurance platforms
    See in list

Motor insurance & connected vehicle companies

Car and bike insurance apps, usage-based cover and vehicle tracking services.

  1. ACKO

    Provider of car, bike, health, life, and travel insurance policies

    Auto e-commerce & content
    See in list
  2. QuickInsure

    Provider of platform to compare and buy insurance policies online

    Auto e-commerce & content
    See in list
  3. nesh.live

    Offers cloud-based fleet intelligence platform for businesses

    Road transport tech
    Website
  4. Insuremile

    App-based comparison platform for auto insurance

    Auto e-commerce & content
    Website
  5. Yatis

    App-based platform for car tracking, maintenance, and safety

    Iot applications
    Website

AI, chatbot & customer engagement companies for insurance

Companies using AI, chatbots and voice agents to serve insurance customers.

  1. Decimal Technology

    Developer of a no-code platform for enterprise application development solutions

    Insurance it
    See in list
  2. IorTa

    Provider of AI-powered digital solutions for BFSI sales and operations

    Insurance it
    Website
  3. Innodigital

    Platform offering CRM software and solutions for BFSI industries

    Customer service software
    Website
  4. awaaz.ai

    Provider of multilingual voice AI agents for customer service

    Customer service software
    Website
  5. Enkefalos

    Developer of AI solutions for insurance carriers, agencies, and related businesses

    Banking tech
    Website

Listed insurtech companies in India

Publicly listed insurtech companies in India.

  1. Digit Insurance

    Provider of general and life insurance products across various categories

    Internet first insurance platforms
    See in list
  2. PB Fintech

    Provider of an online platform offering insurance and lending products through its flagship brands

    Internet first insurance platforms
    See in list
  3. Medi Assist

    Provider of benefits administration, international private medical insurance, and self-funded plans

    Employer insurance
    Website
3 companies in India

Insurtech startups in India

Newer insurtech startups in India founded in recent years.

  1. Finhaat

    Provider of a B2B platform for financial product distribution

    Internet first insurance platforms
    See in list
  2. Care.fi

    Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers

    Healthcare it
    Website
  3. Trovity

    Online platform providing solutions for insurance needs

    Internet first insurance platforms
    Website
  4. Innodigital

    Platform offering CRM software and solutions for BFSI industries

    Customer service software
    Website
  5. ClaimFriendy

    Provider of insurance claim processing services

    Internet first insurance platforms
    Website
144 companies in India

Insurtech companies hiring in India

Insurtech companies in India with open roles.

  1. Policybazaar

    Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans

    Internet first insurance platforms
    See in list
  2. ACKO

    Provider of car, bike, health, life, and travel insurance policies

    Auto e-commerce & content
    See in list
  3. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list
  4. Perfios

    Provider of AI-driven platform for financial analysis, verification, and decisioning

    Insurance it
    See in list
  5. Onsitego

    Provider of doorstep repair and maintenance services for electronic devices and home appliances

    Internet first insurance platforms
    See in list
34 companies in India
Mobile reach

Top 10 insurtech apps from India

The most-installed Android apps published by insurtech companies headquartered in India — 248.1M installs between them. 86 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Navi: UPI, Payments, Insurance

by Navi

Installs178.6M
Rating4.475.6M ratings
Last updatedMay 2026
View on Google Play ↗
Navi: UPI, Payments, Insurance screenshot 1Navi: UPI, Payments, Insurance screenshot 2Navi: UPI, Payments, Insurance screenshot 3Navi: UPI, Payments, Insurance screenshot 4Navi: UPI, Payments, Insurance screenshot 5
2

Policybazaar - Buy Insurance

by Policybazaar

Installs35.7M
Rating4.46666K ratings
Installs, year on year+30%
Last updatedJun 2026
View on Google Play ↗
Policybazaar - Buy Insurance screenshot 1Policybazaar - Buy Insurance screenshot 2Policybazaar - Buy Insurance screenshot 3Policybazaar - Buy Insurance screenshot 4Policybazaar - Buy Insurance screenshot 5Policybazaar - Buy Insurance screenshot 6
3

ACKO Insurance

by ACKO

Installs20.5M
Rating4.55380K ratings
Last updatedJun 2026
View on Google Play ↗
ACKO Insurance screenshot 1ACKO Insurance screenshot 2ACKO Insurance screenshot 3ACKO Insurance screenshot 4ACKO Insurance screenshot 5ACKO Insurance screenshot 6
4

Digit Insurance

by Digit Insurance

Installs6.3M
Rating4.54104K ratings
Last updatedMay 2026
View on Google Play ↗
Digit Insurance screenshot 1Digit Insurance screenshot 2Digit Insurance screenshot 3Digit Insurance screenshot 4Digit Insurance screenshot 5Digit Insurance screenshot 6
5

TurtlemintPro - Sell Insurance

by Mintpro

Installs5.1M
Rating4.036K ratings
Installs, year on year+19%
Last updatedJun 2026
View on Google Play ↗
TurtlemintPro - Sell Insurance screenshot 1TurtlemintPro - Sell Insurance screenshot 2TurtlemintPro - Sell Insurance screenshot 3TurtlemintPro - Sell Insurance screenshot 4TurtlemintPro - Sell Insurance screenshot 5TurtlemintPro - Sell Insurance screenshot 6
6

CoverSure: Insurance made easy

by CoverSure

Installs497K
Rating—
Last updatedJun 2026
View on Google Play ↗
CoverSure: Insurance made easy screenshot 1CoverSure: Insurance made easy screenshot 2CoverSure: Insurance made easy screenshot 3CoverSure: Insurance made easy screenshot 4CoverSure: Insurance made easy screenshot 5CoverSure: Insurance made easy screenshot 6
7

Customer WIMWIsure

by WIMWIsure

Installs407K
Rating—
Last updatedApr 2025
View on Google Play ↗
Customer WIMWIsure screenshot 1Customer WIMWIsure screenshot 2
8

RenewBuy Partners

by RenewBuy

Installs344K
Rating—
Installs, year on year+9%
Last updatedMar 2026
View on Google Play ↗
RenewBuy Partners screenshot 1RenewBuy Partners screenshot 2RenewBuy Partners screenshot 3RenewBuy Partners screenshot 4RenewBuy Partners screenshot 5
9

IDEdge by InsuranceDekho

by InsuranceDekho

Installs329K
Rating4.335K ratings
Last updatedJun 2026
View on Google Play ↗
IDEdge by InsuranceDekho screenshot 1IDEdge by InsuranceDekho screenshot 2IDEdge by InsuranceDekho screenshot 3IDEdge by InsuranceDekho screenshot 4IDEdge by InsuranceDekho screenshot 5
The business behind the activity

InsurTech financials in India

Revenue, profit and growth from the filed annual accounts of 220 insurtech companies in India for FY24-25 — 265 of the 539 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 56% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹11,269.16 cr

220 companies filing accounts

combined net profit−₹133.69 cr

-1.2% aggregate margin

are profitable55%

121 of 220 companies

median revenue~₹3.3 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five56%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,210.70 crFY19-20152 filers
₹2,781.41 crFY20-21168 filers
₹4,037.51 crFY21-22190 filers
₹6,682.73 crFY22-23211 filers
₹9,472.38 crFY23-24230 filers
₹11,269.16 crFY24-25220 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 184 companies over three years

+98%
FY22-23₹5,589.65 cr−₹965.87 cr net
FY23-24₹9,057.74 cr−₹47.57 cr net
FY24-25₹11,053.71 cr−₹54.48 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr6948% profitable
₹1–10 cr8548% profitable
₹10–100 cr4578% profitable
₹100–1,000 cr2055% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking66
0–20%45
20–50%26
50–100%26
Doubled+46

209 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

121profitable
99loss-making
-1.2%aggregate margin
1.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
BeWealthy Consultants.BEWEALTHY CONSULTANTS PRIVATE LIMITED+591%
CoverstackCOVERSTACK TECHNOLOGIES PRIVATE LIMITED
Coverfox InsuranceCOVERFOX INSURANCE BROKING PRIVATE LIMITED
VitrayaVITRAYA TECHNOLOGIES PRIVATE LIMITED+253%
Square InsuranceSQUARE INSURANCE BROKERS PRIVATE LIMITED+250%₹142.50 cr
EvenEven Healthcare Private Limited
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Decimal TechnologyDECIMAL TECHNOLOGIES PRIVATE LIMITED
KshemaKSHEMA HOLDINGS PRIVATE LIMITED78.1%₹15.02 cr
Symbo India Insurance BrokingSYMBO INDIA INSURANCE BROKING PRIVATE LIMITED₹12.81 cr
SafeTreeA2V INSURANCE BROKERS PRIVATE LIMITED35.7%₹10.49 cr
NSDL National Insurance RepositoryNSDL DATABASE MANAGEMENT LIMITED
Ditto InsuranceTacterial Consulting Private Limited
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Internet first insurance platforms79₹7,058.03 cr~₹4.2 cr51%6.9%
Insurance it79₹2,017.76 cr~₹3.1 cr63%9.0%
Hrtech5₹142.20 cr~₹7.8 cr20%-57.4%
Alternative lending6₹22.33 cr~₹13 lakh33%-10.6%
Customer service software6₹21.33 cr~₹4.2 cr83%1.4%
Employer insurance5₹20.27 cr~₹2.9 cr40%-90.4%
Leaders

Largest insurtech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
PolicybazaarPOLICYBAZAAR INSURANCE BROKERS PRIVATE LIMITED₹4,248.78 cr₹406.78 cr9.6%+50%
Shriram Value ServicesSHRIRAM VALUE SERVICES LIMITED₹633.01 cr₹122.47 cr19.3%+26%
NaviNAVI LIMITED₹523.41 cr−₹355.64 cr-67.9%-32%
OneAssistONEASSIST CONSUMER SOLUTIONS PRIVATE LIMITED₹517.61 cr₹3.56 cr0.7%+17%
PB FintechPb Fintech Limited₹411.93 cr₹13.47 cr3.3%+14%
ServifySERVICE LEE TECHNOLOGIES PRIVATE LIMITED₹360.38 cr−₹43.72 cr-12.1%-5%
NovacTechNOVAC TECHNOLOGY SOLUTIONS PRIVATE LIMITED₹320.98 cr₹10.56 cr3.3%+5%
PolicyBossLANDMARK INSURANCE BROKERS PRIVATE LIMITED₹279.96 cr−₹30.28 cr-10.8%+28%
OnsitegoONSITE ELECTRO SERVICES PRIVATE LIMITED₹278.06 cr−₹10.63 cr-3.8%+16%
Zopper Insurance Brokers, ZopperZOPPER INSURANCE BROKERS PRIVATE LIMITED₹277.44 cr₹26.53 lakh0.1%-30%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Insurtech Industry Landscape of India

The financials above are one chapter. The full insurtech landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the insurtech landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

InsurTech funding and M&A across India

473 recorded equity rounds have gone to 711 insurtech companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months7

US$57.71m

equity rounds, last 24 months39

US$293.11m

raised over five yearsUS$2.44bn

228 rounds in India

M&A deals, India21

last 24 months

Capital by year

Equity funding into insurtech in India

amount rounds
$167m201829
$368m201936
$753m202046
$818m202169
$578m202248
$564m202345
$218m202431
$238m202531
$26m20264

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$817.80m across 69 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$9.45m31 rounds · median US$102k
SeedUS$121.38m108 rounds · median US$587k
Series AUS$494.23m37 rounds · median US$5.00m
Series BUS$253.76m14 rounds · median US$17.70m
Series CUS$539.43m13 rounds · median US$23.98m
Series D+US$1.02bn24 rounds · median US$19.79m
Where the money went · five years

Most-funded sub-sectors

Internet first insurance platformsUS$1.06bn67 rounds · 32 companies
Insurance itUS$432.65m62 rounds · 25 companies
Auto e-commerce & contentUS$400.36m9 rounds · 3 companies
Consumer electronics e-commerceUS$158.72m10 rounds · 2 companies
Insurance distributionUS$117.35m7 rounds · 1 companies
HrtechUS$107.58m12 rounds · 4 companies
Healthcare payer techUS$84.43m9 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

18Acquisition
2Merger
1Completed

Most active acquirers

  1. Perfios5
  2. Federal bank2
  3. Life insurance corporation of india2
  4. Raise Financial1
  5. Raise financial services1

Most acquired or merged

  1. Manipalcigna health insurance3
  2. Ageas federal life insurance2
  3. GreenLife Insurance1
  4. GreenLife Insurance Broking1
  5. Aldun1

Each deal appears in the events strip at the top of the page.

InsurTech funding in India

111 insurtech companies in India have recorded equity funding, US$4.02bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind insurtech companies in India. 351 of 539 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India insurtech companies by sub-sector

The most common specialisations among insurtech companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring insurtech in India and nearby markets.

Coming soon