The top 20 InsureTech startups of India You should know about?

The top 20 InsureTech startups of India You should know about?

India's InsurTech sector has exploded to 150+ players with $2.5B+ funding and $13.6B+ valuation, driven by low penetration (health <40%), digital mandates, and AI/embedded insurance. Here's the top 20 by funding, users, innovation (unicorns, soonicorns, minicorns), ranked by scale/impact.​

Unicorns & Market Leaders

1. PolicyBazaar (PB Fintech): $7.2B mcap, 77M+ users, aggregator for health/life/motor. FY25 revenue ₹4,670 Cr.​
2. Acko: $1.2B+ val, 40M+ insured, digital-first auto/health. $666M funding (SoftBank/Munich Re).​
3. Digit Insurance: $3B+ val, $585M funding (Sequoia/Fairtree). Quick claims, 1,001-5K employees.​

Soonicorns ($500M-$1B Val)

4. Turtlemint: Agent platform, $500M+ val, 50K+ agents.​
5. InsuranceDekho (Heph): Comparison/embedded, soonicorn status.​

Century Club ($100M-$500M)

6. Zopper: $96M funding, enterprise B2B (1200+ cities).​
7. Loop Health: Employee health, $100M+ val.​
8. RenewBuy: Aggregator/brokerage.​
9. Plum: Custom health/group, minicorn+ trajectory.​
10. Paytm Insurance: 2,500+ employees, leverages Paytm's 300M+ users.​

Minicorns & Emerging ($1M-$100M, High Growth)

11. Coverfox: Aggregator, early InsurTech100.​
12. SecureNow: B2B group insurance.​
13. Riskcovry: Embedded "insurance-in-a-box", 100K+ policies.​
14. OneAssure: Micro/group products.​
15. Kenko Health: Healthtech/insurance, $13.7M funding.​
16. Toffee Insurance: Microinsurance for youth, $20M Series A.​
17. BankSathi: Comparison platform, $35M seed.​
18. Fincover: Emerging financial/insurance.​
19. PolicyBoss: Brokerage arm.​
20. Even: Niche protection products.​

Sector Snapshot Table

Rank	Company	Funding/Val	Focus	Key Metric [-367]
1	PolicyBazaar	$7.2B mcap	Aggregator	77M users
2	Acko	$1.2B+	Digital gen'l	40M insured
3	Digit	$3B+	Claims tech	$585M funded
4	Turtlemint	$500M+	Agents	50K agents
5	InsDekho	Soonicorn	Embedded	Rapid scale
6	Zopper	$96M	B2B enterprise	1200 cities
7	Loop Health	$100M+	Employee	Health focus
8	RenewBuy	Century	Aggregator	Brokerage
9	Plum	Minicorn+	Custom health	Group plans
10	Paytm Ins	$6.5B parent	Wallet-tied	300M users
11-20	Coverfox/SecureNow/etc.	$10-50M	Niche/embedded	100K+ policies ea.

Growth fueled by IRDAI sandbox, UPI payments, AI underwriting; watch embedded (Zopper/Riskcovry) and health (Loop/Plum).

Compare funding and valuation of top Indian insurtechs in 2025

India's InsurTech sector raised $2.5B+ cumulatively by 2025 (down from peaks but resilient vs global slowdown), achieving $13.6–15.8B total valuation across 150+ firms, led by aggregators/digital insurers. Top players show stark funding disparity: unicorns dominate 85% capital, soonicorns/centuries chase scale.​

Funding & Valuation Leaders

Unicorns ($1B+) dominate with $1.5B+ raised:

• PolicyBazaar (PB Fintech): $1.1B funding, $7.2B mcap (public)​

• Acko: $666M funding, $1.2B+ val​

• Digit Insurance: $585–500M+ funding, $3B+ val (IPO prep)​

Soonicorns ($500M–$1B): Agent/embedded focus

• Turtlemint: ~$500M val (2022), undisclosed recent funding​

• InsuranceDekho (Heph): $150M funding, ~$500M–1B val​

Century Club ($100–500M): B2B/niche scale

• Zopper: $96–100M+ funding, century status​

• Loop Health: $100M+ funding​

• RenewBuy: Century valuation​

Minicorns (<$100M): Emerging/high-growth

• Plum: <$100M, rapid trajectory​

• BankSathi: $35M seed​

• Toffee: $20M Series A​

Comparison Table (2025 Estimates)

Company	Funding Raised	Valuation	Status	Focus ​
PolicyBazaar	$1.1B	$7.2B (mcap)	Unicorn (Public)	Aggregator
Digit Ins.	$585M	$3B+	Unicorn	Digital General
Acko	$666M	$1.2B+	Unicorn	Digital Auto/Health
Turtlemint	Undisclosed	$500M–900M	Soonicorn	Agent Platform
InsDekho	$150M	$500M–1B	Soonicorn	Aggregator/Embedded
Zopper	$96–100M	$100–500M	Century	B2B Embedded
Loop Health	$100M+	$100–500M	Century	Employee Health
RenewBuy	Undisclosed	$100–500M	Century	Aggregator
Plum	<$100M	<$100M	Minicorn	Custom Health
BankSathi	$35M	<$100M	Minicorn	Comparison
Toffee	$20M	<$100M	Minicorn	Microinsurance

Trends: Aggregators (PolicyBazaar) lead funding (40% share), digital insurers (Acko/Digit) chase premiums, embedded/B2B (Zopper) rising fastest. 9 firms hold 85% value; sector GWP growth 132% (Acko) amid $750M revenues.