COVID-19 Insurance Market

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COVID-19 Insurance Market

Key Takeaways

  • Eight (8) startup companies that have COVID-19 insurance products are InsuranceDekho, Tin Leg, Arch RoamRight, Embroker, and Digit Insurance.
  • We have also included Insubuy, Freedom Health Insurance, and Seven Corners.
  • The company has 2 short-term health insurance COVID-19 plans namely Corona Kavach policy and Corona Rakshak policy.


  • The research identified eight (8) startup companies that have insurance products covering COVID-19 (such as health insurance, travel insurance, or any other type of insurance that covers COVID-19), including the relevant COVID-19 insurance products/plans offered by each provider.

COVID-19 Health Insurance Startups


Tin Leg

  • A website address to Tin Leg is provided herein.
  • Tin Leg provides travel insurance coverage for COVID-19 such as cancellation and medical benefits for travelers who contract COVID-19 prior to or during their trip, as long as the policy is purchased before the diagnosis.
  • Tin Leg’s Economy, Standard, Luxury, Adventure, USA Only, Basic, and Platinum policies all include cancel for COVID-19 sickness coverage, travel delay coverage for quarantine due to COVID-19. These Tin Leg policies can provide emergency medical coverage for travelers' incurred medical expenses if they become infected during their trip, as well as medical evacuation coverage if their sickness requires an evacuation.
  • Tin Leg’s plans benefit coverage range from $10,000 to $500,000.

Arch RoamRight

  • A website address to Arch RoamRight is provided herein.
  • The company offers coverage for medical expenses for an insured who becomes ill with COVID-19 and requires emergency medical treatment while on their trip within the ''Emergency Medical Expense Benefit''.
  • It provides coverage within the ''Emergency Medical Evacuation Benefit'' plan, transportation to a higher level of care for an insured when their condition is acute, severe, or life-threatening as a result of contracting COVID-19 while on their trip.


  • A website address to Embroker is provided herein.
  • The company considers exclusions for losses arising out of viruses or bacteria.
  • They also provide two endorsements addressing COVID-19 which provide business income or extra expense coverage for loss from civil authority orders related to coronavirus.

Digit Insurance


Freedom Health Insurance

Seven Corners

  • A website address to Seven Corners is provided herein.
  • The company allows an insured individual for the Plan’s Accident and Sickness Medical Expense coverage within the meaning of the plan’s coverage, subject to the standard terms and conditions of the plan.
  • The RoundTrip International plan provides covered reasons and benefits related to COVID-19 for plans purchased before May 1, 2020.
  • For insured individuals, if triggered directly or indirectly by the COVID-19 pandemic situations such as quarantine , sickness , death , involuntary employer termination or layoff can be covered.

Research Strategy

For the purpose of this research, we reviewed several lists of COVID-19 insurance providers in order to identify the startups amongst them. Some of the pre-compiled lists reviewed include the Forbes list and Insure My Trip. For this research, startups were defined as insurance firms founded within the last 10 years. However, data on startups founded within the past decade is limited in the public domain. We have therefore included three additional insurance providers (Insubuy, that were founded in the past 20 years in our analysis.

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