Sachet Insurance
A plain-English definition from the DeployIT insurance technology glossary.
In short: Small-ticket, single-risk covers (e.g., daily hospital cash, trip cover) designed for high-volume digital distribution.
Related terms
- Embedded Insurance
- Insurance offered inside another product's journey (a loan, purchase or booking) rather than as a standalone sale, typically via APIs.
- Attach Rate
- The percentage of eligible transactions (loans, purchases) where the customer also buys the offered insurance.
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.