# Nova Benefits > Employee health insurance and benefits platform for companies in India ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Solutions Provider | | Region | APAC | | Headquarters | Bengaluru, India | | Founded | 2020 | | Stage | Growth | | Employees | 51-200 | | Funding | Series A | ## Overview Nova Benefits is a group benefits and employee health insurance platform for employers across India. The company serves as a B2B intermediary helping businesses of all sizes provide group health insurance, wellness programs, and business insurance products to their employees through a tech-first approach that replaces manual HR workflows. The platform offers an employer dashboard for managing team health insurance, automated member onboarding and offboarding, real-time claims tracking, and a suite of employee wellness add-ons including telehealth, mental wellness, dental, vision, and OPD coverage. A companion product, Reco by Nova, provides commercial insurance lines -- cyber, D&O, E&O, CGL, and Crime -- to companies through a separate broker platform. Both platforms are delivered as SaaS with mobile apps for iOS and Android. Nova Benefits has covered over 200,000 employees across 500+ companies and processed more than 10,000 claims, holding a 4.7-star rating across 450+ Google Reviews. The company raised USD 11M across four rounds, including a USD 10M Series A led by Bessemer Venture Partners and Susquehanna International Group in September 2021. ## Products & services ### Group Health Insurance Platform Core product providing group medical cover (GMC) and group accident cover (GAC) for company employees and their dependents. Employers manage coverage through a web dashboard with real-time visibility into claims, and employees access health e-cards, claims tracking, and benefit details through a dedicated portal or mobile app. **Key features:** - Automated member additions and deletions via HR platform integrations - Employee and employer portals with 24x7 digital support - Real\-time claims tracking and ICICI Lombard digital claims processing integration - ISO 27001:2022 certified and SOC 2 Type II compliant *Target users:* HR teams and employees at companies of all sizes in India ### Wellness Benefits Suite A bundle of wellness services included alongside the core group health insurance product, designed to extend coverage beyond traditional inpatient care. **Key features:** - Telehealth: on\-demand doctor consultations - Mental wellness: emotional support sessions with professionals - Maternity support: newborn essentials and maternal wellness programs - Dental and vision checkups, annual full\-body health checkups - OPD coverage, discounted medicines, social fitness programs *Target users:* Employees enrolled in Nova Benefits group plans ### Super Top\-Ups Supplemental coverage plans layered over base group health insurance to increase the sum insured for employees and their dependents beyond the base policy. *Target users:* Employers seeking to offer enhanced coverage tiers ### Reco by Nova A separate commercial insurance broker platform offering business insurance products including cyber insurance, Directors and Officers (D&O) liability, Errors and Omissions (E&O), Commercial General Liability (CGL), and Crime insurance. **Key features:** - Multi\-line commercial insurance in a single platform - Targeted at startups and SMEs in India *Target users:* Companies seeking business liability and cyber coverage ## Category & focus - Subcategories: Group Health Insurance, Employee Benefits, Business Insurance - Insurance verticals: Health, Group Benefits, Specialty/E&S - Target customers: Employers ## Notable customers - Snapdeal - Tata - Fynd / Shopsense Retail Technologies - Springworks - Lentra - Cleartax - Fareye - Appsmith - Rupeek - Rebel Foods - Moengage - Aryaka Networks - Agilysys - Medibuddy - Homelane ## Links - Website: - Directory profile: - Blog: - Careers: - Linkedin: --- *Last updated: 2026\-06\-04*