Leapfrog hires Unitus Capital to invest in micro-insurance in India

May 31, 2011 Posted by Media Exposure, Unitus Capital

MUMBAI –LeapFrog Investments, a $135 million fund focused on micro-insurance, is looking to deploy as much as $40 million in India.

“India presents an opportunity as the level of penetration of insurance is very low,” said Jim Roth, the company’s co-founder and partner.

In other markets, insurance is for the wealthy, whereas in India there is insurance that focuses on the mass market, he said, adding that LeapFrog will invest between $5 million and $20 million in a company. Micro-insurance is a product that offers coverage at a low premium and is designed for businesses not covered by conventional insurers, and the poor.

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