For most of its history, insurance in India was sold, not bought. An agent visited, explained a policy, and earned a commission on the sale. The internet made it possible to compare policies and buy one directly. A new industry grew up to help, in three forms:
- the comparison marketplace, a website that lists policies from many insurers side by side
- the online adviser, which recommends a policy
- the platform through which a company buys health insurance for its employees
This Market Segment is about that industry. Its buyers are people buying their own insurance, and companies buying it for their staff. It is a small Market Segment: five companies, and one more that is covered mainly in another Market Segment.
Every company named here has posted software engineering jobs in India. Famous companies that don't actively hire software engineers in India are left out.
Keep reading, free
One more section is on this page: What this section holds. Sign in to read it here, in full.
Continue with Google- What this section holds
Comparing and advising. Back to your parents' health insurance from the start of this Market Segment.
Insurance for a company's staff. Now think of the health insurance your employer gives you.
One company here works in America instead:
One company covered mainly in another Market Segment belongs here too:
Insurance has always been sold, rather than bought, because it is hard to understand. The agent's job was to explain it. AI models can now read a policy's fine print, and answer a buyer's question about what it covers. India's insurance regulator is also building a national marketplace, Bima Sugam, on which policies can be compared and bought. The companies here are betting that the explanation, not the comparison table, wins the sale.
Who these companies hire, and for what, is on What insurtech hires for.