Insurance Samadhan Raises Rs 8.5 Cr In Strategic Funding Round

Insurance grievance redressal platform Insurance Samadhan has raised Rs 8.5 crore in a strategic funding round from a group of strategic family offices, with Innovito Ventures as the financial advisor.

Since it started, the platform has raised over $4.58 million in funding from investors like Equanimity Investments, 100 Unicorns, Venture Catalysts, and IIFL Finance.

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The new funds will be used to improve its tech systems and grow its range of products, especially its key feature — “Know Your Policy.”

The “Know Your Policy” feature aims to fix problems like policy misselling and claim rejections. By upgrading its tech the company wants to make insurance easier to understand and use.

"Our goal is to make insurance more transparent, efficient and accessible," said Uniyal. "By leveraging digital tools, we aim to empower consumers and stakeholders across the value chain."

About Insurance Samadhan

Founded in 2018 by Deepak Bhuvneshwari Uniyal, Shailesh Kumar and Sanjay H Aggarwal, the Noida-based Insurance Samadhan makes insurance processes easier and more digital, helping policyholders, advisors, hospitals, and insurers. Its goal is to make insurance more accessible across India.

So far, it has resolved over 18,000 insurance complaints and helped recover ₹160 crore in claims. Its Polifyx app has also cut insurance grievance resolution time by 55%, from 60 days to much faster.

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