Insurtech startup Covrzy receives IRDAI general insurance broking license

Daily Current Affairs / Insurtech startup Covrzy receives IRDAI general insurance broking license

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Category : Business and economics Published on: July 31 2024

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Covrzy, a Bengaluru-based Insurtech startup, has obtained a direct broking (general) license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to enhance its operations and credibility in the insurance sector.
The startup has onboarded over 500 clients and plans to assist over 10,000 customers in the next 12 to 18 months. Covrzy offers a variety of insurance products in partnership with major insurers, aiming to simplify and personalize insurance for SMEs and MSMEs across India.