OrbitCover
Parametric travel insurance with automatic payouts -- no claims filing required
Overview
OrbitCover is a parametric travel insurance platform for consumers in India, offering automatic-payout flight and baggage delay coverage. Developed by MedPiper Technologies (Y Combinator S20, 2020), the product operates under the IRDAI Regulatory Sandbox in partnership with licensed insurance carriers.
The platform delivers coverage via real-time trigger logic: flight delay coverage activates when a delay exceeds two hours, and baggage delay coverage triggers when luggage is delayed more than six hours after passenger arrival. Payouts settle automatically via UPI/IMPS within 15 minutes, with no manual claim submission required from the policyholder. Flight data is sourced from official airline APIs cross-verified against DGCA systems.
OrbitCover is at the early-access stage, having gathered hundreds of testers through a signup program. Parent company MedPiper has raised USD 250K across three funding rounds from investors including Enrission India Capital, Nurture Ventures, Iterative Accelerator, and Kube VC, in addition to the Y Combinator S20 accelerator investment.
Products & Services
Flight Delay Cover
Automatic payout coverage that triggers when a flight delay exceeds two hours. Real-time flight status is monitored via official airline APIs and DGCA data feeds; no claim submission is required from the insured.
Key Features
- Parametric trigger at 2-hour delay threshold
- Payout range: INR 500 to INR 10,000 depending on coverage tier
- Automatic settlement via UPI/IMPS within 15 minutes
- Zero manual claims process
Target Users: Individual travelers in India
Baggage Delay Cover
Automatic payout coverage that triggers when checked baggage is delayed more than six hours after passenger arrival. Tracking data is sourced from major Indian airport baggage handling systems.
Key Features
- Parametric trigger at 6-hour baggage delay threshold
- Payout range: INR 1,000 to INR 15,000
- Automatic settlement via UPI/IMPS
- Integration with airport baggage handling platforms
Target Users: Individual travelers departing from major Indian airports
Trip Cancellation Coverage
Announced as forthcoming. No further details available at time of research.
At a Glance
- Founded
- 2020
- Headquarters
- Bengaluru, India
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Specialty Solutions
- Subcategories
- Parametric Insurance Travel Insurance Embedded Insurance
- Insurance Verticals
- Specialty/E&S
- Target Customers
- Consumers
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Last updated: 2026-06-16