Mumbai-based InsurTech CoverSure has raised $4 million in a pre-series A funding round led by Enam Holdings, according to a statement from CoverSure.
The company plans to use the funds to build a consumer-centric insurance engagement platform leveraging data intelligence and Machine Learning (ML) capabilities.
Founded in January 2023, CoverSure offers personalised insurance portfolio besides claim assistance and other services, to customers across health, life, motor and travel segments.
According to the statement, unlike many insurance platforms that focus on sales, CoverSure offers a personalised, spam-free advisory service to the existing policyholders as well as new to insurance.
“Insurance problems of a family needs an unbiased approach to solve, and to that extent, we have built digital solutions with an intuitive app-first approach. At CoverSure, we are navigating people through personalised risk management dynamically, streamlined policy management, family care, etc, while bridging protection gaps,” said Saurabh Vijayvergia, Founder and CEO, CoverSure.