Leapfrog as much as $ 40 million investment, a $ 135 million fund focused on micro-insurance can be deployed to India.
Jim Roth, and fellow co-founder of Leapfrog Investments, said that "India as an opportunity to have very low penetration level of insurance."
In other areas of the world, only residents are afforded the luxury of the wealthy insurance coverage. In India, however, focus on micro-insurance, public markets, and leapfrog an amount between $ 5 million and $ 20 million is invested in an unknown company.
Leapfrog Investments, based in Washington, Pierre Omidyar, and George Soros and KFW of Germany and the Netherlands-based FMO Entwicklunsbank such as financial institutions, has received commitments from people.
Mr. Roth said that "aims to tap private capital for a fund that was established and a social impact."
Insurance Regulatory and Development of India 2000, when the insurance market open to private companies, and between the year 2009, according to authorities, insurance penetration rate rose to 5.2% from 2.3%.