# Coverstack

> Zero\-code insurance infrastructure platform for digital distribution in India

## At a glance

| Field | Value |
| --- | --- |
| Category | Distribution & Sales |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Mumbai, Maharashtra, India |
| Founded | 2010 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Series A |

## Overview

Coverstack is an insurance infrastructure and distribution platform for the Indian market, providing a zero-code SaaS stack that enables banks, NBFCs, brokers, fintech companies, and e-commerce businesses to offer insurance products to their customers. The platform integrates with 50+ insurance partners across P&C, Life, and Health lines, covering 80%+ of Indian pincodes.

The platform delivers modular products for point-of-sale agents, B2C digital storefronts, lending-embedded insurance, and group insurance programs. A built-in rule engine called RuleX lets insurance teams convert spreadsheet-based underwriting logic into production APIs without software development. Claims management, policy administration, digital issuance, and payout reconciliation are all included in the stack.

Founded in 2010, Coverstack has processed 10M+ customer acquisitions across its partner network, distributes USD 400 crore+ in Gross Written Premium annually, and handles 11,000+ insurance claims digitally per month. The company has raised USD 55.8M across 6 funding rounds from 14 investors including Accel, SAIF Partners, and Aegon.

## Products & services

### POS/Agent Stack

Point-of-sale module for insurance agents and POS operators to manage insurance sales and service interactions from a single interface.

**Key features:**

- Unified dashboard for policy issuance and customer management
- Multi\-insurer product access from a single login
- Digital onboarding and KYC workflows

*Target users:* Insurance agents, POS operators, field sales teams

### B2C Stack

White-label digital insurance marketplace that businesses can deploy without technical development, enabling direct-to-consumer insurance sales under their own brand.

**Key features:**

- No\-code marketplace setup
- Integration with 50\+ insurance carriers
- Quote, bind, and issuance in a single flow

*Target users:* Banks, fintech companies, e\-commerce platforms, aggregators

### Lending Stack

Embeds insurance products into lending workflows, allowing NBFCs and banks to offer relevant coverage to borrowers at the point of loan origination.

**Key features:**

- Automated insurance embedding in loan origination
- Policy issuance linked to loan disbursement
- Claims tracking for credit\-linked products

*Target users:* NBFCs, banks, lending institutions

### Group Stack

Insurance management solution for group policies covering employees, communities, or customer segments, managed through a centralized dashboard.

**Key features:**

- Group enrollment and policy management
- Multi\-insurer group plan access
- Centralized reporting across group members

*Target users:* Employers, associations, financial institutions with group customer bases

### RuleX

Low-code/no-code API platform that converts spreadsheet-based business rules and underwriting logic into deployable REST APIs, eliminating the need for software development for policy configuration changes.

**Key features:**

- Spreadsheet\-to\-API conversion
- Version management for rule sets
- Configurable without engineering involvement

*Target users:* Insurance product managers, underwriting teams

### Claims Management

Unified claims dashboard covering the full lifecycle from first notice of loss through settlement and payout reconciliation.

**Key features:**

- Digital FNOL and claims intake
- Status tracking from initiation to resolution
- Payout reconciliation and reporting

*Target users:* Insurance carriers, brokers, platform partners

## Category & focus

- Subcategories: Embedded Insurance, Digital Storefront, Agent/POS Platform, Insurance Infrastructure
- Insurance verticals: P&C Personal, P&C Commercial, Life & Annuity, Health
- Target customers: Carriers, Brokers, Agents/Agencies

## Notable customers

- ICICI Securities
- Spinny
- CarDekho
- CoverFox
- Arohan Financial Services
- Satin Creditcare Network
- Kinara Capital
- Avanti Finance
- OneInsure

## Links

- Website: <https://coverstack.in>
- Directory profile: <https://insurtechlist.com/companies/coverstack/>
- About: <https://coverstack.in/about-us/>
- Linkedin: <https://in.linkedin.com/company/coverstack>
- Twitter/x: <https://x.com/Coverstack1>

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*Last updated: 2026\-07\-03*