Bharatsure offers an IaaS platform for insurance distributors, banks, agents, and licensed brokers to distribute group insurance and healthcare products and support embedded insurance use cases. The platform provides end-to-end assistance including partner sourcing, product pricing, payments, operations, and claims handling, with a strong emphasis on group health insurance. Bharatsure says it has partnered with over 500 organizations and impacted more than 150,000 lives, and aims to secure the rights of 1 crore Indians within the next two years. The company will use the new funds for marketing, team growth, and product development. Bharatsure was co-founded by Anuj Parekh and Sanil Basutkar in May 2021 and is based in Mumbai. Bharatsure is a group-insurance insurtech that provides a technology-first platform for distribution of tailored group benefits. It offers white-labelled dashboards and integrations with insurers, TPAs, healthcare providers, and HRMS systems to centralise operations. The platform’s pricing engine lets partners generate instant quotes from a range of insurers to improve sales efficiency and accuracy. Bharatsure targets licensed brokers, agents, banks, and institutions as channel partners and supplies customizable, partner-branded technology. The company says it aims to democratise group insurance across India and increase insurance penetration for millions without coverage. In 2022 it raised $1.2 million in capital investments and has launched India’s first flexi top-up insurance in collaboration with ManipalCigna Health Insurance.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024