About Insurfin
Insurfin is a Financial Services company based in Bengaluru (India) founded in 2022 by Chittaranjan Savadi, Sambit Rath Rath, and Kiran Raj Ullal. It operates as an insurance premium financing is offered to individuals via SaaS platforms. It operates on a SaaS (Software-as-a-Service) and FinTech model. The company has 1 employees. Insurfin offers products and services including Insurance Premium Financing and Loan Against Mutual Funds. Its focus areas include Insurance and Insurance Technology. Its legal entity in India is Achanchal Insurtech Solutions Private Limited (U67110KA2022PTC163307). Its competitors include Finsall, BimaPay, Mudrasure, The Policy Exchange and Bimacred; 3 of its 5 listed competitors have raised funding.
Company details
Insurance premium financing is enabled by Insurfin, recognized as Indias first platform in this domain. The company operates within the financial services sector, focusing on innovative solutions for insurance premium payments. Financing options are provided to customers and advisors through a digital platform, ensuring quick approvals and seamless processes. Additionally, loans against mutual funds are offered to expand credit access. A SaaS-based CRM tool is integrated to manage customer interactions and enhance advisor efficiency. The service aims to increase insurance penetration in India by simplifying financial burdens associated with premiums.
- Headquarters Bengaluru, India
- Employees 1
- Founders Chittaranjan Savadi, Sambit Rath Rath, Kiran Raj Ullal
- SectorsFinancial Services
- Website insurfin.in
- Social LinkedIn X
- Legal Name Achanchal Insurtech Solutions Private Limited
- Date of Incorporation 01 Jul, 2022
- Jurisdiction Bangalore, Karnataka, India
- Employee Count1
Associated legal entities of Insurfin
Insurfin operates through Achanchal Insurtech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Achanchal Insurtech Solutions Private Limited CIN U67110KA2022PTC163307 | Active | 01 Jul 2022 | Bangalore, Karnataka | – | – | 2 | View details |
Products & Services of Insurfin
Insurfin offers a comprehensive portfolio of products and services, including Insurance Premium Financing and Loan Against Mutual Funds.
Financing provided for insurance premiums with easy repayment.
Instant credit offered by pledging mutual fund assets.
Apps and channels of Insurfin
Insurfin publishes 2 mobile apps with over 60 downloads.
Board of directors of Achanchal Insurtech Solutions Private Limited (Insurfin)
Achanchal Insurtech Solutions Private Limited is the primary company behind Insurfin. The board of Achanchal Insurtech Solutions Private Limited currently have 2 directors; the longest-serving is Chittaranjan Sharad Savadi, appointed in 2022. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chittaranjan Sharad Savadi DIN 09660536 | Director | 01 Jul 2022 | 4 yrs 3 mo | Achanchal Insurtech Solutions Private Limited |
| Sambit Rath DIN 02893950 | Director | 27 Jul 2023 | 3 yrs 2 mo | Achanchal Insurtech Solutions Private Limited |
People of Insurfin
3 people are tracked at Insurfin (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Kiran Raj Ullal | Co-Founder | Leadership |
Complete people profiles for Insurfin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Competitors of Insurfin
Insurfin has 5 listed competitors in our database, 3 of them funded. They include Finsall, BimaPay, Mudrasure, The Policy Exchange and Bimacred, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finsall.com | 2018 | Bengaluru, India | $3.86M | 50 | Insurance premium financing platform for individuals and businesses | |
| bimapay.in | 2021 | Delhi, India | $2M | – | Insurance premiums are financed online for individuals and businesses. | |
| mudrasure.com | 1993 | Delhi, India | – | – | Insurance premium financing is facilitated via an app-based platform. | |
| thepolicyexchange.com | 2022 | Noida, India | $990,362 | 16 | Customized insurance technology solutions are offered for policy transactions. | |
| bimacred.com | 2021 | Bengaluru, India | – | – | Delivers a 'buy now, pay later' solution for life insurance premiums. |
Detailed competitors of Insurfin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Insurfin
The website of Insurfin (insurfin.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 46.6% vs previous month
Top companies in Insurance Providers
10 companies that operate in the same segment as Insurfin (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | – | 549 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,908 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | USD 502.59 M | 31,422 |
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Frequently Asked Questions about Insurfin
Insurfin was founded in 2022.
Insurfin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Insurfin has 1 employees.
Insurance premium financing is enabled by Insurfin, recognized as Indias first platform in this domain. The company operates within the financial services sector, focusing on innovative solutions for insurance premium payments. Financing options are provided to customers and advisors through a digital platform, ensuring quick approvals and seamless processes. Additionally, loans against mutual funds are offered to expand credit access. A SaaS-based CRM tool is integrated to manage customer interactions and enhance advisor efficiency. The service aims to increase insurance penetration in India by simplifying financial burdens associated with premiums.
Insurfin offers Insurance Premium Financing and Loan Against Mutual Funds.
Insurfin operates through Achanchal Insurtech Solutions Private Limited.
The legal entities of Insurfin currently have 2 directors, including Sambit Rath, Chittaranjan Sharad Savadi.
Yes. Insurfin publishes Insurfin iCustomer and 1 more app, with over 60 downloads.