Neobank Jupiter Money Adds Insurance Layer
Hey Digital Banking Fanatic!
Jupiter Money just secured a corporate agency licence from India’s insurance regulator, giving it the green light to offer in-app life and general insurance.
The neobank, now serving over 3 million users, will kick off with term life and health insurance from top partners. Next up: embedded insurance tied to user behavior, like travel cover linked to card use and cyber fraud micro-policies.
“Insurance is a critical layer in the financial journey, and it remains underserved and underutilised in India, especially by the younger generation,” said Rohit Kumar Pandey, president of Jupiter Money.
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NEWS
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