Insurance is complex, and the purchasing process can be frustrating for Millennials just starting to learn about the nuances of finance, so Toffee Insurance is geared toward the specific needs of the generation current gaining a foothold in the global workforce. The insurance startup bundles its packages into products for everyday events, helping Millennials to understand exactly what's covered.
Toffee Insurance, which is based in India, has insurance packages for all sorts of different purposes. Called "toffees", the bundles include things like international travel insurance (the 'Globetrotter Toffee'), accident insurance (the 'Commuter's Toffee'), and coverage against illnesses like dengue fever (the 'Anti-Dengue Toffee').
The company aims to unroll several more insurance bundles in the future, including coverage against injuries sustained during exercise and physical activity and insurance that covers theft of or damage to renters' belongings.