Mumbai, India, September 6th, 2024: Bharatsure, a leading insurtech company, introduced four innovative insurance products at the Global Fintech Festival in Mumbai. These offerings cater specifically to gig workers, students, digital users, and companies seeking advanced employee benefits. This launch aligns with Bharatsure’s commitment to “Insurance for All in Bharat,” aiming to bridge the protection gap in underserved segments of Indian society.
Gig Worker Insurance: A Safety Net for India’s Growing Workforce
With the gig economy contributing significantly to India’s GDP, Bharatsure has rolled out Gig Worker Insurance, offering health and personal accident coverage starting at just ₹69 per month. Already insuring 20,000 gig workers across logistics, mobility, and staffing sectors, this plan covers hospitalization and accidental injury or death, providing crucial financial security.
Anuj Parekh, Co-founder & CEO, Bharatsure, stated, “As the gig economy expands, it’s crucial to extend the same security enjoyed by traditional employees to gig workers. Our insurance plan ensures that this vital workforce is well-protected.”
Student Health Insurance: Securing the Future
To support students’ health, Bharatsure has launched Student Health Insurance, providing coverage for just ₹1 per day. This plan includes a wide range of medical expenses, covering over 540 day-care treatments and any form of in-patient hospitalization including common vector borne and water borne diseases such as malaria, dengue, jaundice, cholera etc. This offers financial security to students in schools, colleges, universities, tuition centers, and edtech platforms.
Cyber Insurance: Shielding Against Digital Threats
Bharatsure’s Cyber Insurance addresses the growing risks in the digital space. This comprehensive plan covers financial losses due to digital theft, online shopping fraud, cyberbullying, and identity theft, and includes legal assistance and psychological support. It is designed for e-commerce companies, UPI platforms, credit card companies, and wealthtech firms.
Employee Benefits as a Service: Innovating Group Insurance
In line with IRDAI’s vision of “Insurance for All by 2047,” Bharatsure introduces Employee Benefits-as-a-Service. This industry-first solution offers a comprehensive platform for the distribution and management of group insurance programs, specifically tailored for intermediaries like licensed brokers, banks, and B2B tech firms. Features include a white-labelled employer-employee dashboard, 24×7 claims support, and a dedicated product engine.
These new products reflect Bharatsure’s dedication to empowering key segments of the Indian economy. By offering tailored solutions for gig workers, students, and digital users, Bharatsure continues to advance its mission of providing accessible and affordable insurance across India.
Anuj Parekh added, “Our new offerings are designed to address the critical needs of underserved segments in India. At Bharatsure, we are committed to making insurance accessible and affordable, and these launches represent a significant step in that direction.”
Bharatsure remains steadfast in its mission to democratize insurance, ensuring that every individual in Bharat has access to the protection they deserve. With these innovative products, Bharatsure is paving the way for a more secure and inclusive future for all.