LifeRaft offers supplemental health insurance products designed to sit alongside traditional health plans and provide direct cash benefits to policyholders for events such as hospitalization, acute conditions, and specialist treatments. Its fully digital, automated platform handles application, policy generation, enrollment and claims to make purchasing and administration seamless. The company emphasizes simple, flexible monthly-premium options that let policyholders use cash benefits for out-of-pocket costs, out-of-network care, childcare, or other needs. LifeRaft launched its platform after coming out of stealth and says its products are not replacements for traditional coverage but provide significant value during high medical need. The founding team includes Ian Blumenfeld, Nimish Shukla, and Joyce Noah-Vanhoucke, with backgrounds building data, insurance and marketplace platforms. The company states it meets regulatory requirements and plans to expand its product offerings and reach.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2020