PolicyMe Corp.

Based in Canada, PolicyMe Corp. provides innovative online insurance solutions, specializing in life, critical illness, and health insurance designed to deliver financial protection for individuals and families across Canada. PolicyMe Corp. is an insurtech company founded in 2018 and headquartered in Toronto, Canada.

The firm focuses on simplifying access to insurance products for Canadians. The co-founders, Andrew Ostro and Laura McKay, aimed to disrupt traditional insurance models with a digital-first approach. As of April 2025, PolicyMe raised a total of CAD 30 million in funding, including a recent round that attracted investors such as Blue Cross and Securian Financial. The company has completed 7 deals to date, further emphasizing its growth trajectory in the insurance sector.

PolicyMe Insurance provides a variety of core insurance products, including life insurance, critical illness insurance, and health and dental insurance. Life insurance offers term coverage from CAD 100,000 to CAD 5 million for terms of 10 to 30 years, primarily for families with dependents. The critical illness insurance covers 44 conditions, aiding in medical costs and lost income during recovery. Health and dental insurance targets out-of-pocket expenses for services like prescriptions and dental care.

All services are delivered online, enabling customers to receive instant quotes, apply for coverage, and manage policies digitally. PolicyMe generates revenue through direct-to-consumer sales of its insurance products. Customers can purchase policies online after receiving tailored quotes based on their specific needs. Pricing is influenced by factors such as health status, age, and coverage amount.

Policies are structured with monthly premiums, renewable annually, ensuring uninterrupted protection for customers. The company maintains a direct relationship with consumers, eschewing partnerships or retail channels in its operations. In April 2025, PolicyMe Corp. secured CAD 30 million in a funding round that included venture debt.

The company plans to use this funding to expand its product offerings, enhance its partner platform, and fortify its data and artificial intelligence capabilities for better underwriting and operational efficiency. Future initiatives include launching new insurance products and exploring expansion into additional Canadian provinces.