Funds will be utilised to further fuel its mission of offering innovative and affordable group health insurance-led solutions to the Indian workforce and their families.
The startup will utilize the fresh capital in launching its image-based underwriting platform this year which would enable insurance on boarding in less than 60 seconds
The company aims to utilize the funds to strengthen its technology infrastructure, expand product suite and hire talent across engineering, product and growth divisions
The online tool helps entrepreneurs calculate the insurance coverage for their business by keying in details about the nature of the business, its industry, assets linked to the enterprise and the businesses resources
Through Digit Insurance, Kamesh Goyal wants to simplify the insurance customer's journey, right from picking products, to policy issuance to claim processes
AI in the insurance sector has transcended several use cases from intelligent automation in the back office to providing virtual assistance on the frontlines.
It's the technology that is being deployed to create, distribute and administer solutions in the insurance business in an effective and efficient manner
There is a severe need to consider the expansion of the insurance domain in the rural sector, both by the insurance companies, as well as the central and state governments on a whole.