Mumbai, India – September 6th, 2024: Leading insurtech company, Bharatsure, launched four cutting-edge insurance products at the Global Fintech Festival in Mumbai. Designed for gig workers, students, digital users, and companies looking to enhance employee benefits, these offerings align with Bharatsure’s mission of “Insurance for All in Bharat,” aiming to address the protection gaps in key underserved sectors of Indian society.
Gig Worker Insurance: Strengthening Financial Security for India’s Growing Gig Economy
Bharatsure introduced Gig Worker Insurance, offering affordable health and personal accident coverage starting at ₹69 per month. Already protecting over 20,000 gig workers in sectors such as logistics, mobility, and staffing, the plan covers hospitalization and accident-related injuries or death, providing essential financial protection to this vital workforce.
“As India’s gig economy expands, it’s essential to offer the same security that traditional employees enjoy. Our plan ensures gig workers are well-protected,” said Anuj Parekh, Co-founder & CEO, Bharatsure.
Student Health Insurance: Affordable Protection for Tomorrow’s Leaders
With a premium of just ₹1 per day, Student Health Insurance provides extensive medical coverage, including over 540 day-care treatments and hospitalization for vector-borne diseases like malaria and dengue. This initiative ensures financial security for students in schools, colleges, universities, tuition centers, and edtech platforms.
Cyber Insurance: Safeguarding Digital Users from Emerging Threats
Addressing the growing risks of the digital age, Bharatsure’s Cyber Insurance offers comprehensive protection against digital theft, online fraud, cyberbullying, and identity theft. Targeted at e-commerce, UPI platforms, and credit card companies, the plan includes financial protection, legal assistance, and psychological support for affected users.
Employee Benefits-as-a-Service: Revolutionizing Group Insurance for Businesses
As part of its broader mission to achieve “Insurance for All by 2047,” Bharatsure launched Employee Benefits-as-a-Service, a first-of-its-kind platform for intermediaries such as brokers, banks, and B2B tech firms. This solution streamlines group insurance distribution and management with a white-labelled dashboard, 24×7 claims support, and a dedicated product engine for tailored employee benefits.
Bharatsure: A Commitment to Inclusive and Affordable Insurance
Bharatsure continues to empower key segments of the Indian economy by providing tailored insurance solutions that address the unique needs of gig workers, students, and digital users. “Our new offerings mark a significant step toward making insurance accessible and affordable for all,” added Anuj Parekh.
About Bharatsure
Bharatsure is transforming India’s insurance landscape with its mission to democratize group insurance. Founded by the team behind Healthysure, Bharatsure partners with licensed brokers, agents, banks, and institutions to offer customized insurance benefits. The company’s Infrastructure-as-a-Service (IaaS) platform enhances insurance distribution efficiency with real-time pricing from 25+ insurers, seamless member management, and 24×7 claims assistance, ensuring a secure future for all in Bharat.
