The Decentralized Finance insurance platform has stormed the online world by overtaking the traditional finance networks by processing transactions at high speed with less wait time. The Decentralized Finance (DeFi) insurance platform is integrated with distributed ledger technology and Smart Contracts for safe & secure transactions. It is estimated that many exchange platforms have been subjected to many breaches & attacks by hackers, and to solve this complex issue, Decentralized Finance insurance development was launched. It is easier for entrepreneurs to submit, claim, and handle insurance. Entrepreneurs can build a Decentralized Insurance Platform by hiring professional developers from Blockchain App Factory to boost their economic growth.