Coverfox nails claims

Indian insurance aggregator Coverfox allows its customers to file an insurance claim without moving an inch. Think: a customer presses a button from a mobile app. A Coverfox rep arrives at his/her door within an hour or two to take the car for repair. In the meantime, the customer receives regular updates on the status of the car as well as any out of pocket costs he/she will have to pay. If the car isn’t fully repaired within 3 days, the customer receives free Uber-like rides for as long as it takes. Really. Last, Coverfox is currently working with a reinsurer to create a customized health insurance product tailored to the low-middle class. Going places. Bottom Line: a sustainable strategy given Google’s plans to launch Bharat Saves (the equivalent of the defunct Google Compare).