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Small-Bit Insurance

Toffee Insurance, a one-year-old company, has developed a novel idea to make insurance popular among the masses in India.

Small-Bit Insurance
Small-Bit Insurance
outlookindia.com
2019-04-19T11:29:02+05:30

Start-ups are changing the rules of business in India and the insurance sector too is up for a disruption now. Toffee Insurance, a one-year-old company, has developed a novel idea to make insurance popular among the masses in India. The idea is simple: bite-sized insurance for everyday moments. Founded by Rohan Kumar and Nishant Jain, Toffee Insurance is doing 500 policies a day.

Though the company provides individual insu­rance through its website, it is stronger on the B2B side. Bicycle insurance is the most popular product, ­followed by backpack. The company has unbundled the insurance products to make premiums very cheap and a 90-second online transaction lands ­policy in your email box.

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