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Switch4sure

Online platform for switching life insurance providers to secure lower premiums

Distribution & Sales Startup Bootstrapped
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Overview

Switch4sure is a life insurance switching platform targeting consumers in Lithuania and the broader European market. The service enables individuals holding existing life insurance policies -- particularly those issued through banks -- to compare alternative providers and switch to plans offering lower premiums. The company reports potential savings of up to 33% for policyholders who switch through its platform.

The platform handles the end-to-end switching process, including quoting, comparison, claims processing, and settlement administration. By focusing exclusively on life insurance portability, Switch4sure addresses a specific friction point for consumers who are locked into bank-issued policies and may be unaware of cheaper alternatives.

Switch4sure is one of a small number of InsurTech startups operating in Lithuania. The company is bootstrapped with a small team, operating in the early stage of development with an initial focus on the local market.

Products & Services

Life Insurance Switching Platform

An online service that allows individuals with existing life insurance contracts to compare alternative providers and switch to a lower-cost plan. The platform is designed for consumers who currently hold life insurance policies from banks or other providers and want to reduce their premiums.

Key Features

  • Insurance quotation for existing life insurance holders
  • Provider comparison to identify cost savings opportunities
  • Claims processing and settlement administration
  • End-to-end switching support

Target Users: Individual life insurance policyholders seeking lower premiums