Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹75,000 on taxes in 80D. Buy a health insurance now!
View Plans

Symbo, New-Age Insurance Broker Offer Cover for Marathoners and Spectacle Buyers

Updated On Jan 22, 2021

Symbo, a new-age insurance broker is partnering with different firms to offer products beyond motor and health insurance. Looking for expansion in the retail market, Symbo aims to provide products catering to groups like women, travellers, marathoners, and spectacle buyers.

The prime investors of Symbo are Abhinav Jhunjhunwala of AJ Capital, Insignia Ventures and Dymon Asia Ventures. Symbo Insurance co-founder and CEO Anik Jain said, “We do expect that there will be a shift in the non-life industry, which is currently dominated by motor, and the share of other individual covers are going to rise.” Anik Jain had earlier worked for organisations like Reliance Life, Marsh and Mahindra Insurance Brokers and ICICI Lombard.

The insurance brokers, for the most part, act as an aggregator for retail products or serve corporates. The latest offering by the broker is for football players to cover them from ligamentous injury and fracture during play. Being treated as OPD, these injuries are generally not covered under a standard health insurance policy.

Symbo is partnering with insurance companies such as Religare, Bharti AXA, Reliance General, IFFCO Tokio and others for underwriting purposes. The distribution partners of Symbo includes companies with large customer base - StepSetGo, Poddar Housing & Development, Goeventz and World Optix.

The company aims to offer niche insurance products at a low premium cost. With a premium of Rs. 49 cover for a medical emergency, accident insurance during marathon and event cancellation is provided. Also, at Rs. 49 there is insurance offered for vision care products such as spectacles and cataract operation. Additionally, there is a cover for cervical or breast cancer at Rs. 200 for each lakh.

“We offer all product solutions, including motor, health and life. But we believe innovative products can be used as a pull factor. We do not believe in inconsiderate ‘burn’. We have no assisted sales and we are strictly a digital platform API integrated with all companies. Our solutions are directly used by existing customer partners,” said Jain.

Also Read

TATA AIG Voted as the 'Most Broker Friendly Insurer' 2019 by IBAI

Top 10 Health Insurance Plans in India

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit 20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    No room rent limit Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers