Prost Insurance Broker Pvt. Ltd.

Prost Insurance Broker Pvt. Ltd. is a digital insurance platform focused on simplifying the buying process for health and term insurance, providing tailored solutions that meet clients' diverse needs in India. Founded in 2019 and headquartered in Bangalore, India, Prost Insurance Broker Pvt.

Ltd. operates as a digital insurance platform, offering health and term insurance products. The company was co-founded by Aman Shetty and Ruchir Kanakia, who has prior entrepreneurial experience. In December 2021, Prost Insurance raised INR 50 million from investors NuVentures, Upsparks, and individual angel investors, marking the company's sole funding round to date.

Their latest funding round totaled INR 50 million, which aligns with the total amount raised so far. OneAssure, the brand under Prost Insurance, specializes in health and term insurance products, providing personalized insurance recommendations, claims assistance, and policy management. Their offerings include health insurance with unlimited restoration of sum insured, modern treatment coverage, and maternity benefits, alongside term insurance that features life coverage and critical illness protection. The company primarily serves the Indian market, focusing on individuals and families seeking reliable insurance solutions.

In the most recent financial year 2024, Prost Insurance reported a revenue of INR 124,608. 2 and an EBITDA of -INR 26,150. 4. Following their INR 50 million funding round in December 2021, Prost Insurance Broker Pvt.

Ltd. intends to utilize the capital to scale its operations and acquire new customers by leveraging trained partners and strategic partnerships. The company aims to develop new insurance products and expand its presence in additional regions within India, although specific new product launch dates and targeted regions have yet to be disclosed.