The DeFi insurance system has stormed the virtual world by overtaking the traditional finance models by processing transactions at fastly with less wait time. The DeFi insurance platform is merged with distributed ledger technology & Smart Contracts for safe and reliable transactions. Many exchange platforms are believed to have been breached and attacked by hackers, and DeFi insurance development was launched to address this complex issue. Submitting, claiming, and managing insurance is easier for business owners. Investors can create a DeFi Platform by hiring an experienced specialist from Blockchain App Factory to increase their business growth.