Overview
Insurejoy is a direct insurance brokerage and online web aggregator serving individual consumers in India. Operating under IRDAI License IRDA/DB838/20 through its legal entity Insuregram Insurance Brokers Private Limited, the company distributes life, health, motor, and travel insurance products from more than 30 carrier partners through a digital-first comparison platform.
The company was founded in 2020 by Arvind Shivhare, Kushagra Nigam, Neha Rama Shankar Dwivedi, and Umakant Kumar Sharma. Insurejoy operates as a web aggregator, enabling consumers to compare policies and purchase coverage directly online without the company itself underwriting any risk. Its platform reaches customers across India, from metropolitan areas to smaller cities.
In May 2022 the company reported 5x business growth in its first eight months after launch, expanding to more than 80 cities and offering 100+ products. By fiscal year ending March 2024, Insurejoy reported annual revenue of INR 15.1 Crore. The company subsequently underwent significant organizational restructuring, reducing headcount from approximately 582 employees in early 2024 to roughly 20 employees by mid-2025.