Fintech + Insurance + Career Recovery

JobGuard

India's First Post-Layoff Salary Protection App

Because job loss should not mean life pause.

Strong Positioning: Salary Protection Platform (not just an insurance app)

Annual Layoffs

50,000+

Claim Payout Model

2 Months Salary

Coverage Scope

IT + Non-IT

Problem

  • Over 190,000 tech layoffs in 3 years.
  • Layoff victims suffer financially post-notice.
  • No mainstream salary protection product.
  • Insurance does not cover job loss.

Layoffs Data and Impact

Bengaluru: ~2,620 layoffs (highest impact)

16,398 layoffs in 2023 (startups)

~9,000+ layoffs in 2024

85% layoffs in retail, food, education

~50,000+ tech layoffs annually

Solution

  • Standalone job loss insurance platform.
  • 2 months salary coverage post-layoff.
  • Affordable premium.
  • Covers IT + Non-IT.

How It Works

Step-by-Step Flow (Existing)

1. Sign up and submit employment proof
2. Premium calculated
3. Layoff to claim
4. Submit proof

Enhanced Flow Diagram

1. Signup (mobile + email + Aadhaar optional)
2. Employment verification (offer letter upload, salary slips, bank statement)
3. Risk scoring engine (AI: company stability, industry risk)
4. Premium calculation (dynamic)
5. Subscription activation
6. Layoff event triggered
7. Claim verification (employer letter, bank salary proof, exit confirmation)
8. Fraud check layer
9. Approval to payout (2 months salary)
Signup -> Verify -> Pay Premium -> Protected
Layoff -> Submit Claim -> Verify -> Get Paid

Target Audience

  • IT and Non-IT employees
  • Age 25-45
  • Tier 1 and Tier 2 cities

Product Modules

1. User App

  • Signup/Login
  • Dashboard (coverage + status)
  • Premium calculator
  • Claim submission
  • Claim tracking
  • Notifications

2. Claim Engine

  • Document upload
  • Verification system
  • Fraud detection
  • Approval workflow

3. AI Risk Engine

  • Salary-based pricing
  • Company risk scoring
  • Layoff probability estimation

4. Career Support

  • Resume builder
  • Job recommendations
  • Upskilling links
  • Career counseling

5. Admin Panel

  • User management
  • Claim approvals
  • Fraud monitoring
  • Analytics dashboard

Features

Smart onboarding
Premium calculator
Layoff alerts
Resume tools
Career support
Claim tracking

Trust and Verification

  • Aadhaar / PAN verification
  • Employer verification API (future)
  • Bank statement validation
  • Salary consistency check
  • Claim audit logs

Fraud Prevention

  • Duplicate claim detection
  • Fake layoff filtering
  • Cross-check employment data
  • Mandatory cooldown period
  • AI anomaly detection

Monetization

Subscription

Monthly premium (~5% annual salary)

Partnerships

Job partner commissions

B2B Growth

B2B employer plans

Unit Economics

LTV

INR 25K-40K

Payback

< 2 Months

Retention

2-3 Years

Competitive Advantage

  • Salary protection (unique)
  • Career tools + insurance
  • Dynamic pricing
  • No direct competitors

Risks

  • Fraud claims
  • Regulatory challenges
  • Verification complexity

Roadmap

Phase 1 (0-6 months)

  • MVP
  • Basic claims

Phase 2 (6-9 months)

  • Verification APIs
  • Career tools

Phase 3 (1-2 years)

  • Scale
  • IRDAI tie-ups
  • Freelancer coverage

Integrations

Razorpay / Stripe for payments
DigiLocker for document verification
LinkedIn API for job data
Job portals for recommendations

Tech Stack

Frontend

React / Flutter

Backend

Node.js / Firebase

Database

MongoDB / PostgreSQL

AI

Risk scoring model

Analytics

Active users
Claims ratio
Approval rate
Fraud rate
Revenue per user

Final CTA

This is a high-trust product. Success depends on strong verification, transparent claims, and fast payouts. JobGuard is built to protect salaries, recover careers, and deliver reliable financial resilience at scale.

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