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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE INDIA EDITION 2026

India’s
digital insurance industry,
in focus.

The companies, capital and talent shaping digital insurance in India. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Digital Insurance Industry Landscape of India
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Digital Insurance illustration
Companies tracked 276Digital Insurance ecosystem in India Disclosed funding $2.24B58 companies · all recorded rounds Companies hiring 46With open roles at the snapshot Tracked open roles 11011 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore India’s digital insurance leaders

23 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Digital Insurance company highlights in India, snapshot 4 September 2026
Company
Navinavi.com$465.34M6 roles698Financial figure available in RadarView in Radar
PB Fintechpbfintech.in$443.26M—152Financial figure available in RadarView in Radar
InsuranceDekhoinsurancedekho.com$401.98M8 roles2,020—
Turtlemintturtlemint.com$220.08M—2,274Financial figure available in RadarView in Radar
RenewBuyrenewbuy.com$150.66M—4,647Financial figure available in RadarView in Radar
Girnar Finservgirnarfinserv.com$115.63M—309—
Eveneven.in$72.48M5 roles279—
Coverstackcoverstack.in$55.75M5 roles59$1.72MFYFY2025 filing
Policybazaarpolicybazaar.com—7 roles23,679—
Ditto Insurancejoinditto.in—5 roles606—
Vizza Insurance Broking Servicesvizzainsurance.com—5 roles162$23.44MFYFY2025 filing
ABI Healthabi-health.com—4 roles69—
Bandhan Lifebandhanlife.com————
Care.ficarefi.in——32—
CreditWise Capitalcreditwisecapital.com——476—
Healspanhealspan.com——41—
ManipalCigna Health Insurancemanipalcigna.com——1,001—
OneInsureoneinsure.com——718$11.42MFYFY2025 filing
PolicyBosspolicyboss.com——88$28.61MFYFY2025 filing
PolicyXpolicyx.com——110$1.64MFYFY2025 filing
QuickInsurequickinsure.co.in——188$12.54MFYFY2025 filing
Remedinet Technologiesremedinet.com——197$1.45MFYFY2025 filing
Square Insurancesquareinsurance.in——177$14.9MFYFY2025 filing
23 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Startup discovery

Recorded classifications only
THE KEY SIGNALS

Digital Insurance industry KPIs in India

A few useful ratios bring the size of this ecosystem into perspective.

4 September 2026
Hiring participation16.7%

46 of 276 tracked companies have open roles.

Funding participation21.7%

60 of 276 tracked companies have a recorded round.

Top 3 funding share58.6%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$1.15M

Midpoint of 173 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 58.6% of disclosed capital, while 78.3% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How India digital insurance has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

India digital insurance
$0$152.75M$305.49M$458.24M$610.99M2016: $32.86M20162017: $101.27M20172018: $80.57M20182019: $201.56M20192020: $535.95M20202021: $199.13M20212022: $269.11M20222023: $366.47M20232024: $58.31M20242025: $234.3M2025
View the numbers
Annual digital insurance funding and company formation in India
YearFunding (USD)FoundedRaising
2016$32.86M218
2017$101.27M1311
2018$80.57M178
2019$201.56M2814
2020$535.95M2213
2021$199.13M1723
2022$269.11M1618
2023$366.47M1515
2024$58.31M1411
2025$234.3M1315
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Navi20.8%
  • PB Fintech19.8%
  • InsuranceDekho18.0%
  • Other companies41.4%

Funding by stage

185 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel106 57.3%
Series A–B42 22.7%
Series C+ / PE23 12.4%
Grants, debt & other14 7.6%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Angel03/2020
Navinavi.com$400.4M

Backed by Paresh Sukthankar and Samit Shetty and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

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₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 112 reporting entities from 141 eligible matches.

Revenue in covered accounts₹7,410.7 crore

Sum of reporting-entity revenue; not India market sales.

Net profit / loss₹-13.3 crore

Combined result for the same cohort.

Aggregate net margin-0.2%

Combined net income ÷ combined revenue.

Median company revenue₹2.2 crore

The middle covered reporting entity.

Profitable entities+50.0%

56 of 112 covered entities.

Top-five concentration+71.7%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 112 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

112 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
INDIA · INDUSTRY COHORTS

How does digital insurance compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the India companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

14 of the 276 companies on this page carry a measured traffic record (5.1%); these are the largest of those, by monthly visits. The median among them is 277,549 visits.

CompanyMonthly visitsAuthorityMobile
Policybazaarpolicybazaar.com36,713,1108194.5%
Navinavi.com5,885,7475399%
ManipalCigna Health Insurancemanipalcigna.com705,6665688.9%
InsuranceDekhoinsurancedekho.com688,0225168.3%
PolicyXpolicyx.com351,2164591.6%
Turtlemintturtlemintinsurance.com318,3313067.6%
Coverfox Insurancecoverfox.com296,8375291.4%
Bandhan Lifebandhanlife.com258,2613994.5%
Generali Central Insurancegeneralicentralinsurance.com238,8574883.7%
Turtlemintturtlemint.com186,3363593.5%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

69 of these companies (25%) publish at least one Android app — 116 apps in all, carrying 218.8M installs between them.

AppInstallsRatingStore category
Navi: UPI, Payments, InsuranceNavi178.6M4.5Finance
Policybazaar - Buy InsurancePolicybazaar35.7M4.5Finance
Customer WIMWIsureWIMWIsure406.8K—Business
myManipalCignaManipalCigna Health Insurance378.4K3.1Health & Fitness
RenewBuy PartnersRenewBuy344.2K—Finance
IDEdge by InsuranceDekhoInsuranceDekho328.8K4.3Business
Symbo POS - Insurance BusinessSymbo India Insurance Broking293.3K—Business
Coverfox: Bike & Car InsuranceCoverfox Insurance263.5K—Finance
KshemaKshema252.1K—Finance
Compare & Buy Insurance OnlinePolicyX230.5K—Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q3–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Internet First Insurance Platforms91217.9MNavi: UPI, Payments, Insurance 178.6M
Alternative Lending6178.8MCredit Wise Capital 207.7K
Investment Tech6178.6MInvestGuru 4.2K
Insurance It401.6MCustomer WIMWIsure 406.8K
Auto E-Commerce & Content19824.3KQuickinsure 215.8K
Connected Vehicles16606.2KIL Assist 85.2K
Insurance Distribution6350KRenewBuy Partners 344.2K
Food Industry Associations4258.8KKshema 252.1K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 32022Q4: 02022Q42023Q3: 32023Q3: 22023Q32023Q4: 12023Q4: 32023Q42024Q2: 12024Q2: 12024Q22024Q3: 32024Q3: 62024Q32024Q4: 42024Q4: 42024Q42025Q2: 22025Q2: 72025Q22025Q4: 32025Q4: 122025Q4

Darker bars are new releases, lighter bars apps updated. 45 of 116 apps carry a release date. The series ends at 2025Q4, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The India digital insurance market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech270
Insurtech270
Consumer digital183
Enterprise tech135
Internet first insurers76
Enterprise software67
Saas45
Fintech saas39
Insurtech saas39
Marketplaces30
Internet first health insurance platforms25
Insurance underwriting and risk management24

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

270companies
16.7%have hiring activity

45 companies hiring · $2.24B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Commission on transaction181
Subscription165
E-commerce - service84
Fee-for-service61
E-commerce - product28
Lending9
Advertising9
Physical commerce7
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundsinsurancedekho.com ↗

Founded: 2016 | Headquarters: Gurugram | Total Funding: $362 million

Funding roundscarefi.in ↗

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

Funding roundspbfintech.in ↗

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 inorganic growth opportunities.

IPO activityturtlemint.com ↗

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 would make up the company's proposed public listing.

Mergers & acquisitionsgirnarfinserv.com ↗

InsuranceDekho’s affiliate Girnar Finserv Private Limited (GFPL) today announced the acquisition of SeedsAI, a SaaS platform for LLM orchestration and AI automation, marking its first strategic move in the AI and corporate brokerage space.

Mergers & acquisitionsageasfederal.com ↗

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 share. The total transaction value stood at Rs. 97.44 crore.

Funding roundskenkohealth.in ↗

Paris, October 7, 2025 – Kenko, an insurtech broker and mission company founded in 2022, announces that he raised €4 million from Pleiade Venture, with the support of BPI France and CIC Innovation.

Funding roundsmitigata.com ↗

Mitigata locking in $5.9 Mn in insurtech funding from Nexus Venture Partners.

Funding roundsnavi.com ↗

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 Group, and others.

Funding roundscreditwisecapital.com ↗

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.

Full recorded event mix

Top 10 categories among 229 recorded events in the 24-month window.

Earnings
68
Funding rounds
48
Leadership moves
35
Mergers & acquisitions
19
Company announcements
16
New products
11
Capital infusions
9
Regulatory
9
IPO activity
6
Lawsuit
4
6 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

4 tracked people moves

Tarun Mathur

Resignation Previously Chief Executive Officer and Principal Officer

PB Fintech ↗
Amrita Pandey

Appointment Group HR Head

Sajja Praveen Chowdary

Appointment Chief Executive Officer, Principal Officer, Whole-time Director

Gaurav Dubey

Appointment Head – Digital Distribution (Partnerships, Banca & D2C)

Product launches

Products, platforms and features in the recorded window

Impactsure ↗
SureMatch

Agentic AI platform for Global Trade

Navi ↗
EV Recharge via Banking Connect

UPI Feature

Navi ↗
Reserve Pay

UPI Feature

Contract wins

1 recorded customer wins

iNube ↗

Customer: sonata softwareInsurance

Regulatory events

11 recorded events

license renewedInsurance Regulatory and Development Authority of India (IRDAI)

PB Fintech ↗

approved for payment aggregation servicesReserve Bank of India

fined for compliance lapses

PB Fintech ↗

instructed to reduce commission and distribution costsIRDAI

Litigation

5 tracked suits

Company
Muthoot Insurance Brokers v Thomas P Rajan, Ranjit Kumar Ramachandran

misappropriation of employee reward incentivesCriminal · Filed

Company
Securities and Exchange Board of India (SEBI) v Yashish Dahiya, pb fintech

Insider trading / failure to identify unpublished price sensitive informationRegulatory · Settled

Earnings pulse

Reported company results in the recorded window.

7companies
62period observations
38.3%median reported growth

Median across 54 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
lic→ManipalCigna Health Insurance ↗Rumored2026-03-18Not stated in snapshot
Care.fi→AldunAnnounced2026-01-22Not stated in snapshot
Girnar Finserv→SeedsAIAnnounced2025-12-02Not stated in snapshot
federal bank→Ageas Federal ↗Completed2025-11-13Not stated in snapshot
PB Fintech→Pensionbazaar.comAnnounced2025-08-05Not stated in snapshot
RenewBuy→InsuranceDekho ↗Announced2025-06-20Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

842 postings in the preceding 12 months. The full 937-posting snapshot covers 51 employers.

Expand panel +

Most advertised job titles

Business Development Manager36
Sales Manager29
Relationship Manager20
Territory Sales Manager11
Area Head10
Regional Sales Manager9
0 internship postings

4 tracked postings mention remote work.

The seniority mix

619 postings specify a level.

manager
449
unspecified
318
senior
85
lead
48
entry
22
intern
15

Skills employers mention

Top skills across 937 tracked postings in the available jobs snapshot.

Sales
254
Negotiation
125
Relationship Management
106
Customer Service
99
Communication
96
Lead Generation
84
Communication Skills
80
Business Development
80
Training
60
Crm Software
59
ADVERTISED PAY$7.2K/ year

Median across 123 postings with pay data, expressed in USD.

Salary by seniority

manager$7.2K/ year83 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

274 founders and chief executives across 176 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

50 profiles with education records.

IIT Delhi
12
IIM Ahmedabad
9
IIT Bombay
5
IIM Calcutta
4
Harvard Business School
3
BITS Pilani
3
IIT Roorkee
3
BIT Mesra
2

Prior employers

10 profiles with prior-work records.

McKinsey
2
Bain
2
Flipkart
1
Amazon
1
Microsoft
1
Apple
1
Myntra
1
Cisco
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

1,401,368 articles in the measured 12-month window.

Expand panel +
1,401,368articles in the measured year
365,581articles in 2026Q1
60.7%positive tone in the latest complete year

News volume trends

Digital Insurance coverage across India · articles per complete quarter

0127,088254,175381,263508,3512021Q2: 200,6332021Q22021Q3: 212,2442021Q4: 184,0442022Q1: 217,1752022Q2: 230,2192022Q22022Q3: 263,2332022Q4: 270,5702023Q1: 306,2342023Q2: 274,1192023Q22023Q3: 297,6262023Q4: 267,8612024Q1: 290,5622024Q2: 294,2842024Q22024Q3: 322,2822024Q4: 335,8002025Q1: 384,5042025Q2: 326,7672025Q22025Q3: 442,0442025Q4: 274,6712026Q1: 365,5812026Q1
View quarterly article counts
QuarterArticles
2021Q2200,633
2021Q3212,244
2021Q4184,044
2022Q1217,175
2022Q2230,219
2022Q3263,233
2022Q4270,570
2023Q1306,234
2023Q2274,119
2023Q3297,626
2023Q4267,861
2024Q1290,562
2024Q2294,284
2024Q3322,282
2024Q4335,800
2025Q1384,504
2025Q2326,767
2025Q3442,044
2025Q4274,671
2026Q1365,581

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
382,929 positive · 44,302 neutral · 204,431 negative
2022
613,980 positive · 70,730 neutral · 294,994 negative
2023
751,478 positive · 82,564 neutral · 310,284 negative
2024
810,797 positive · 120,975 neutral · 309,423 negative
2025
865,799 positive · 175,899 neutral · 384,090 negative

Leading coverage topics

Digital Insurance coverage across India · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,368 articles in the full recorded period
108,119 recent · 81,398 prior
International And Transnational Geographic Entities300,348 articles in the full recorded period
108,111 recent · 81,397 prior
Administrative And Political Subdivisions300,292 articles in the full recorded period
108,088 recent · 81,386 prior
International Sports Competitions110,785 articles in the full recorded period
27,016 recent · 26,702 prior
International Political Relations73,169 articles in the full recorded period
22,904 recent · 15,328 prior
New Product Launches And Innovations58,527 articles in the full recorded period
17,630 recent · 13,601 prior
Cricket Test Matches54,874 articles in the full recorded period
13,480 recent · 11,877 prior
Political Party Dynamics53,985 articles in the full recorded period
11,562 recent · 11,153 prior
Strategic Partnerships And Collaborations50,552 articles in the full recorded period
15,586 recent · 11,470 prior
Trade Policies And Agreements46,802 articles in the full recorded period
22,770 recent · 11,676 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Digital Insurance coverage across India

KeywordRecentPriorChange
tariff negotiations11,6185,679105%
bilateral trade4,6102,43789%
trade dispute mechanisms4,5112,203105%
trade barrier reduction4,4962,44084%
trade facilitation commitments4,3272,20197%
countries4,1931,860125%
free trade deals4,0782,42968%
multilateral diplomacy3,9182,72344%
diplomatic strategies3,8142,35062%
bilateral trade imbalance3,2812,04461%
odi cricket6,0439,670-38%
limited overs cricket5,7839,320-38%
odi tactics5,6378,759-36%
odi series5,2628,334-37%
odi tournaments5,0378,078-38%

Event and signal lenses

Digital Insurance coverage across India

All complete annual cohorts shown
Rising

Regulatory Risk

1,805,778 classified articles

territories, disputed islands, test cricket

43.4% critical · 27.5% positive
Rising

Funding Momentum

236,917 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

48.9% critical · 46.9% positive
Rising

Growth

516,188 classified articles

gdp growth rate, economic output growth, economic growth statistics

46.9% critical · 50.8% positive

Digital Insurance coverage across India. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Digital Insurance in India: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put India in context

All landscapes ↗

Company ecosystem snapshot: 4 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon