Ocktolife

All-in-one digital employee benefits platform for group insurance, wellness, and engagement

Customer Engagement Growth Bootstrapped

Overview

Ocktolife is a digital employee benefits platform serving employers and insurance brokers in the Asia-Pacific region, with a focus on group insurance, health, and wellness. The company consolidates benefits administration, insurance coverage, wellness programs, and employee engagement tools into a single SaaS platform that supports markets in Singapore, Indonesia, and India.

The platform allows employers to allocate benefit and insurance funds into configurable employee wallets, enabling workers to select coverage and wellness services based on individual preferences. It supports white-label deployments, integrates with HR management systems and third-party administrators, and offers a mobile-first experience on iOS and Android. The company holds ISO 27001, SOC 1, and SOC 2 certifications.

Founded in 2020 and headquartered in Singapore, Ocktolife is bootstrapped with private backing from Braxton Capital. In April 2024, Rajesh Sabhlok -- a 25-year veteran of Asia-Pacific insurance distribution -- joined as CEO and Co-Founder. The company has a strategic partnership with Gallagher, the global insurance broker, producing a co-branded application distributed through Gallagher's Asia-Pacific operations.

Products & Services

Digital Benefits Platform

Core platform for employers to create and manage employee benefit wallets. HR teams and administrators allocate insurance and wellness budgets, and employees can customize their coverage selections through a mobile app.

Key Features

Configurable benefit wallets per employee
Insurance and wellness fund allocation tools
Enrollment management and digital access cards
Integration with HRMS platforms and TPAs

Target Users: HR administrators, employers, employee benefits managers

Insurance Management

Group insurance coverage administration covering enrollment, claims submission, processing, and reimbursement tracking.

Key Features

Digital claims submission and real-time status tracking
Reimbursement management
Group policy administration
Carrier integrations

Target Users: Employers, TPAs, insurance brokers

Wellness Programs

Employee wellness module spanning preventive care, mental health support, and lifestyle services.

Key Features

Teleconsultations and online pharmacy
Fitness tracking and preventive checkups
Mental health support services
Health event management

Target Users: Employees, HR administrators

Engagement Tools

Employee engagement and retention module integrating rewards, recognition, and participation tools.

Key Features

Peer-to-peer recognition systems
Gamification and rewards programs
Employee surveys and event management
Benefit enrollment tracking

Target Users: Employers, HR administrators

White-Label Solutions

Platform supports branded deployments for insurance brokers and carriers seeking to offer benefits technology under their own brand.

Key Features

Custom-branded iOS and Android applications
Integration with existing broker or carrier systems
Dedicated enrollment workflows
WhatsApp-based registration and onboarding

Target Users: Insurance brokers, carriers, TPAs

At a Glance

Founded: 2020
Headquarters: Singapore
Employees: 11-50
Funding: Bootstrapped

Category & Focus

Category: Customer Engagement
Subcategories: Employee Benefits Administration Wellness Programs Digital Benefits Wallet
Insurance Verticals: Group Benefits Health
Target Customers: Employers, Brokers

Customers

Gallagher (global insurance broker -- co-branded mobile application)
Fits.ID (Indonesian wellness and insurance broker -- BeneFits application for Southeast Asia)
INTEGRA Insurance Broker (Indonesia, via Fits.ID)