Bussiness Ideas

Founded in 2018, Gramcover (GC) is an IRDAI-licensed composite insurance broker focused on creating a pan-India insurance distribution and servicing model. The key objective is to create a large distributor in the "non-urban" white space insurance opportunities. In "non-life" rural insurance, GC is the leading organized player tapping into the vast market by offering "human-assisted and digitally distributed" insurance products. The farmers need to be educated on the need for insurance to cover their livelihood and health risks, given that it is a whitespace opportunity. The Company is creating the market for insurance products by educating Point of Sale Persons (POSPs) and farmers via the agency networks. The Company is also offering a tech platform for the online issuance of policies and claims settlement for a great customer experience. GC works with insurance partners to create custom products for the rural market and sells a range of insurance products encompassing crop, livestock, motor, health, personal accident, hospicash, etc. The Company's current product offerings include subsidized crop insurance under the Government Program, non-subsidized crop insurance, livestock (cattle, goat, buffaloes) insurance, and other policies such as motor (2-wheeler, commercial trucks, trailers, tractors), health, personal accident, etc.

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Startup Teams

• 1 Jatin Singh (Founder)

Incubation Details

Not Incubated