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- This license allows Covrzy to function as a direct insurance broker in India, offering a comprehensive range of business insurance solutions.
- The startup aims to simplify the insurance buying process, particularly for startups, small and medium-sized enterprises (SMEs), and micro, small, and medium enterprises (MSMEs) in India.
- Their web-based platform helps users manage their entire insurance cycle, from product discovery to purchase, servicing, and claims.
- Co-founder & CEO Ankit Kamra expressed excitement about this milestone, emphasizing their mission to make business insurance simple and accessible to millions of SMEs and MSMEs across India.
- Currently, only around 1% of Indian MSMEs are insured, and Covrzy aims to enhance insurance penetration within this crucial segment of the economy.
Question:
1. Which company has recently been granted a direct broking (general) license by IRDAI?
- A) Covrzy
- B) Antler
- C) Shastra VC
- D) IRDAI