CoverSure, a consumer-centric insurance innovation startup, has successfully elevated $4 million in a Pre-series A funding round directed by Enam Holdings, a key financial backer in both private and listed entities.

Established in January 2023 by Saurabh Vijayvergia, Mayank Mishra, Rohan Gaikwad, Prakash Dubey, and Harshit Jain, CoverSure intends to computerize the management of insurance for the for clients by giving bits of key insights into inclusion advantages, gaps, restorations, claim assistance and many more.

As per the press released disclosed by the company, the start-up works across user-wellbeing, risk management, and travel protection segments.

By utilizing information knowledge and AI abilities CoverSure plans to utilize the raised funding $4 million to construct a user-driven insurance protection platform. The platform will use data and information insights and AI to upgrade the risk management and protection experience of users. This investment from Enam Holdings will likewise uphold the new company’s development across India.

Emphasizing the company’s mission to underscore the issues in insurance penetration in India, Saurabh Vijayvergia, Founder and CEO of CoverSure states, "Insurance problems of a family need an unbiased approach to solve and to that extent, we have built digital solutions with an intuitive app-first approach. At CoverSure, we are navigating people through personalized risk management dynamically, streamlined policy management, family care, etc., while bridging protection gaps”.

"Our primary goal is to address the insurance penetration problem. Through our platform, we aim to simplify the user's lifetime experience towards insurance, not just the sales”, he added.