We (a bunch of GRE/ GMAT aspirants and ex-startup founders) have been working on a pertinent problem that the aspirants of standardised test takers face. These exams (GRE, GMAT) are expensive, and the current exam process offers no financial protection. If a test taker unfortunately scores poorly, they lose all their money.
To address this we have come up with a unique test score insurance model for standardised tests where students can get partial refunds for low scores and rewards for high ones. The idea is to ease the financial burden of these expensive exams and not let high fees and risk of financial loss deter students.
We have set up a simple website & waitlist for anyone interested in knowing more and getting early access.
Here’s the link:
https://frexam.com/We would really love to hear your thoughts or feedback and get this off the ground.
Ps - The product is going to be launched in partnership with an IRDAI registered insurance company. So this is genuinely us trying to solve something and help

// No intention of spamming or trying out promotional content, we are just trying to understand the scope and dimension of this, TIA

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Good idea. Also try integrating a way to give coupons or something for someone booking test. A lot of these test companies have partners who can give discount. Try partnering. Will help you attract more people to your site.