The Indian insurtech space has grown exponentially, with companies leveraging technology to transform the insurance sector. As digital adoption accelerates across the country, more consumers are turning to online platforms to buy and manage their insurance products.

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From health to vehicle insurance, these insurtech companies in India are changing how policies are accessed, bought, and managed. In this article, we’ll look at the top 14 Indian insurtech companies in India, ranked in descending order based on their valuation.

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Top Indian Insurtech Companies

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1. PolicyBazaar

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Overview: PolicyBazaar is India’s leading insurance aggregator, offering consumers a platform to compare and buy insurance policies. With its user-friendly interface, PolicyBazaar has become a trusted name in the industry.
Website: www.policybazaar.com
Employees: Over 4,000
Valuation/Funding: $7.2 billion market cap as of April 2025
Awards: Winner of 9 medals at the Pitch BFSI Marketing Awards 2023, including 3 golds and 6 silvers.

2. Digit Insurance

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Overview: Digit Insurance is a digital-first insurance provider that has simplified the process of buying insurance in India. With a focus on transparency and a smooth user experience, Digit continues to grow rapidly.
Website: www.godigit.com
Employees: 1,000+
Valuation/Funding: $3.62 billion as per the latest funding round
Awards: 'General Insurance Company of the Year' at the Asia Insurance Industry Awards 2024

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3. Ditto Insurance

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Overview: Ditto Insurance redefines how you approach insurance. You don’t just compare insurance—you understand it. Our mission is to simplify the process, helping you narrow down choices, avoid pitfalls, and make better decisions. Instead of overwhelming you with options, we guide you through your choices, ensuring you know exactly what you’re getting. Ditto empowers you with the knowledge needed to make confident, informed decisions about your insurance needs.
Website: joinditto.in
Employees: 300+
Valuation/Funding: $20 million Series B
Awards: Winner of the 'Best Insurtech Company' award at the Fintech Excellence Awards 2023

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4. Acko General Insurance

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Overview: Acko is a digital insurance company offering personalized products, focusing on creating a hassle-free experience for customers. With a tech-driven approach, Acko has redefined insurance in India.
Website: www.acko.com
Employees: 1,200+
Valuation/Funding: $666 million in funding from CPPIB Credit Investments and Lightspeed Venture Partners
Awards: 'Brand of the Year' at the Pitch BFSI Marketing Awards 2024, securing 9 metals, including 3 golds

5. Turtlemint

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Overview: Turtlemint provides a comprehensive platform for insurance advisors, helping them provide better services to customers. Their tech-driven solutions have made them a significant player in the insurtech industry.
Website: www.turtlemint.com
Employees: 500+
Valuation/Funding: Valued at $900 million in 2022
Awards: 'InsurTech Company of the Year' at the NBFC & Fintech Excellence Awards 2022

6. Coverfox

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Overview: Coverfox is a major insurance aggregator in India that helps users compare and purchase insurance. The company’s platform simplifies insurance buying with features that enhance the customer experience.
Website: www.coverfox.com
Employees: 600+
Valuation/Funding: $80 million
Awards: CX Excellence Award 2022 for 'Best Use of Customer Experience in Mobile App

7. Paytm Insurance

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Overview: Paytm Insurance leverages the vast user base of Paytm to offer a range of easy-to-buy insurance products, making the process seamless and accessible to millions of Indians.
Website: paytminsurance.co.in/
Employees: 2,500+
Valuation/Funding: Part of Paytm, with a market cap of $6.54 billion
Awards: E4M CX India Award 2025 for 'Best Learning & UpSkilling

8. Fincover

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Overview: Fincover is an emerging insurance tech platform providing a range of financial services, including insurance, with a focus on digital transformation and ease of access.
Website: www.fincover.com
Employees: 50+
Valuation/Funding: Not publicly disclosed
Awards: Recognised as one of India’s emerging financial brands in 2025

9. BankSathi

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Overview: BankSathi is an innovative insurtech platform that connects customers with insurance providers, offering comparison tools for better decision-making.
Website: www.banksathi.com
Employees: 250+
Valuation/Funding: $35 million Seed Funding
Awards: Recognised as an innovative fintech startup in 2024

10. Pazcare

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Overview: Pazcare focuses on employee wellness and health insurance, offering solutions for businesses to provide comprehensive coverage to their employees.
Website: www.pazcare.com
Employees: 100+
Valuation/Funding: $15 million Seed Funding
Awards: Best Corporate Health InsurTech 2024

11. RenewBuy

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Overview: RenewBuy simplifies the process of renewing insurance policies online, with easy comparisons across various insurers and products.
Website: www.renewbuy.com
Employees: 800+
Valuation/Funding: $30 million Series B
Awards: 'Most Innovative Insurtech Platform' at the Fintech & Insurance Awards 2024

12. Toffee Insurance

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Overview: Toffee Insurance offers affordable, customised microinsurance products targeted at young customers.
Website: toffcover.in/
Employees: 200+
Valuation/Funding: $20 million Series A
Awards: 'Top InsurTech Innovator' at the Digital Insurance Awards 2023

13. OneInsure

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Overview: OneInsure is a comprehensive platform for comparing and buying various insurance products, from health to life insurance.
Website: www.oneinsure.com
Employees: 350+
Valuation/Funding: $25 million Series B
Awards: Best Digital Insurance Platform 2024

14. GroMo

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Overview: GroMo is a platform that connects users to insurance advisors and offers personalised guidance for insurance purchases.
Website: www.gromo.in
Employees: 500+
Valuation/Funding: $40 million Series A
Awards: Best InsurTech Startup of 2024

Our Methodology

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To create our list of the Top 14 Indian Insurtech Companies in India 2025, we followed a thorough approach, considering key factors that define success in the insurtech space:

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Innovation: We prioritized companies offering unique, tech-driven solutions that simplify insurance, such as AI-powered platforms and customizable policies.
Customer Experience: User-friendly platforms and high customer satisfaction were essential, with companies offering seamless digital experiences ranking higher.
Funding and Valuation: We considered the financial health of each company, focusing on those with strong funding or high valuations, which reflect growth potential and investor confidence.
Awards and Recognition: Industry accolades, like 'InsurTech Company of the Year', helped us highlight companies that are leaders in the field.
Market Impact: We evaluated the companies' contributions to the industry, particularly in addressing gaps such as insurance accessibility for underserved segments.
Sustainability and Growth: Companies with scalable models, future growth strategies, and plans for innovation were favoured.
Transparency: We gave preference to companies that prioritize customer education, clear pricing, and transparency in their operations.

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FAQs

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1. How big is the Indian insurtech market?

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The Indian insurtech market is estimated at $1.5 billion, growing rapidly with expectations of a CAGR of 15%.

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2. Which is India’s largest insurtech company?

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As of 2025, PolicyBazaar is the largest insurtech company in India, with a market cap exceeding $7 billion.

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3. What makes these companies successful?

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These companies succeed due to their innovation, user-focused platforms, and easy accessibility, alongside significant funding rounds that enable growth and scaling.

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4. How do insurtech companies benefit consumers?

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They make insurance buying more accessible, transparent, and affordable. With technology, consumers can compare policies, get personalised advice, and enjoy quicker claim processes.

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Top 14 Indian Insurtech Companies in India 2025

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