Upstox review

Upstox is a broker, not an insurer (broker), so the policies are underwritten by other companies and arranged through the app. The line covers life, auto and health in a single place, and the account is run by RKSV Securities India Private Limited.

The entry figure is INR 17, which puts Upstox at 22 of 252 brands ranked on starting premium. The site median for starting premiums is €8.37, so the starting point reads low against the field.

Yes, monthly payments are available, and monthly is the only payment model listed. Nothing is billed as a single annual sum, so the commitment stays small between billing periods and can be reviewed as the cover renews.

Claims are handled in the mobile app. That listing means a claim starts and finishes inside the app, so readers who live in it get a short path while anyone hoping for a separate claim line will not find one listed.

Upstox holds an IRDAI registration, CA0918, and a SEBI registration, INZ000315837, both in India. The IFSCA also lists it as a global access participant under IFSCA/GAP/BD/2026-27/17, and the group entity is RKSV Securities India Private Limited.

Support runs on email, phone and help centre, so questions go by email, by phone or through the help centre. Claims work differently: mobile app is the listed route, which is worth knowing before a policy is started rather than at claim time.

Health is the standout line, listed at Health cover up to INR 1 crore. Auto and life are sold alongside it under the same broker arrangement, so the level of cover on each product is set by the insurer behind it rather than by the broker.

The mix, life, auto and health, points at Indian households wanting life, auto and health in a single purchase. The entry figure of INR 17 and the monthly model suit readers who would rather start small than commit to a bigger sum.