Jumpp receives IRDAI approval to launch insurance distribution services
21 May 2026, 11:11 AMJumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.
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Conversational fintech platform Jumpp has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products through its app.
The move expands Jumpp’s financial services portfolio as it looks to build a broader ecosystem covering investments, insurance protection and lending solutions within a single platform.
Founded in 2025 by Sarvjeet Singh Virk, the AI-powered application allows users to manage banking, payments, savings, investments and borrowing services through one interface.
The company is primarily focused on users in Tier 2 and Tier 3 cities, aiming to improve financial literacy and wealth creation through simplified and accessible financial tools. Jumpp has partnered with YES Bank for banking and BBPS-related services and also holds a TPAP licence from the National Payments Corporation of India (NPCI).
Using the account aggregator framework, the app combines linked financial accounts into a unified dashboard, analyses user spending habits and provides personalised financial recommendations in regional languages.
As part of its expansion plans, Jumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.
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