CoverSure secures $4m funding to revolutionize insurance customization.

TLDR:

• CoverSure, an InsurTech startup, raised $4m in pre-series A funding led by Enam Holdings.
• CoverSure aims to automate insurance policy management and enhance insurance customisation for users.

CoverSure, a consumer-focused InsurTech startup, recently raised $4m in its pre-series A funding round. The investment, led by Enam Holdings, aims to enhance insurance customisation for users. CoverSure, founded in January 2023, focuses on automating insurance policy management by providing insights into policy benefits and shortcomings, assisting with renewals and claims, and covering various insurance segments such as health, life, motor, and travel. The company plans to leverage data intelligence and machine learning capabilities to develop a consumer-centric insurance engagement platform. Additionally, the funds will be used to expand operations within the country. CoverSure’s founder and CEO, Saurabh Vijayvergia, emphasized the company’s mission to address low insurance penetration in India by empowering individuals to better understand their coverage. The innovative digital solutions offered by CoverSure aim to provide personalized risk management, streamlined policy management, and family care while bridging protection gaps.