Skip to main content

WhatsApp to Start Offering Health Insurance, Micro-Pension Products in India Soon.

WhatsApp to Start Offering Health Insurance, Micro-Pension Products in India Soon.

By the end of the year, WhatsApp plans to start offering affordable health insurance coverage from SBI General.

(Image Source - Google Images)

WhatsApp plans to start rolling out health insurance and micro-pension offers in India.
India chief Abhijit Bose revealed WhatsApp's roadmap to deliver "critical livelihoods and financial services" to the country's mobile users at the Facebook Fuel for India event.
The Facebook-owned company is working with SBI General to launch health insurance products, while HDFC Pension and Singapore-based firm PinBox Solutions are on board to offer micro-pension products.
The new developments come alongside WhatsApp's digital payments company: WhatsApp Pay.

By the end of the year, WhatsApp will begin offering affordable health insurance coverage from SBI General, Bose said during his presentation at the virtual event. 
The executive also announced WhatsApp's partnership with HDFC Pension and PinBox Solutions to begin testing micro-pension products through the messaging app.

"These pilots, along with others at edtech and agritech to name a few, offer tremendous promise and would help support the Government of India's priorities for a more digitized economy, especially for rural and underserved segments," Bose said.

WhatsApp aims to become a competitive platform for insurance companies and firms offering micro-pension products and to expand its presence in the Indian financial sector with the new move. Bose also underlined that the messaging app will facilitate the delivery of health insurance and micro-pensions to Indian users regardless of their location and income.

(Image Source - Google Images)

"We have designed specific products that will address healthcare needs in an affordable and hassle-free manner, and will be available through WhatsApp," said Amar Joshi, commercial director of SBI General.

The huge user base of more than 400 million people in the country makes WhatsApp attractive to the country's insurance and pension providers.

Sumit Shukla, CEO of HDFC Pension Management, said WhatsApp was enabling digital and financial inclusion at an accelerating pace. "WhatsApp as a platform is multilingual, secure, and is revolutionizing the way financial services are accessed and facilitated in our country," he said.

Along with its pilot insurance and micro-pension services, WhatsApp is delving further into the Indian digital economy with its payments feature and the WhatsApp Business API.
Ongoing developments are aimed at taking on companies like Google Pay, Alibaba-backed Paytm, and Flipkart-owned PhonePe.

Right after WhatsApp made public its plans to offer insurance products, PhonePe claimed that it processed more than 11 million insurance premiums through its platform in the last year.
The digital payments platform offers the option to pay insurance premiums for more than 30 insurers. He said that 80 percent of total premiums for the year came from users in Tier-2 and Tier-3 cities.

Labels:

Comments

Post a Comment

Popular posts from this blog

Responsive Google Maps

Create Responsive Google Maps on Any Website. (Image Source - Google Images) Google Maps makes it easy to insert/embed a map into your own website. However, by default, Google Maps does not provide responsive support. In my Blog, I will show you how to make your maps responsive, using just a few lines of CSS. This technique will work on any website platform. 1. Get the embed code from Google Maps Go to Google Maps. Find the area of the map you want to use on your website. Click on the "Share" link. (Image Source - Google Images) Choose "Embed map". Select the iframe code. Right-click and copy the embed code. (Image Source - Google Images) 2. Use the Google Maps Embed Code Paste the embed code on your website. It will look similar to this: <iframe src="/" width="600" height="300" frameborder="0" style="border:0" allowfullscreen></iframe> 2.1.Modify the Embed Code Add a div tag around the embed code. Use th...
2 comments
Read more

Moto G8 Power Lite Released in India

Moto G8 Power Lite with 5,000 mAh battery, Helio P35 SoC released in India . The price of the Moto G8 Power Lite in India is set at Rs. 8,999 for the 4GB + 64GB solo model. (Image Source - Google Images) Motorola's Moto G8 Power Lite made its debut in India and the new phone will go on sale later this month. The phone was introduced worldwide in April. The Moto G8 Power Lite is powered by the MediaTek Helio P35 octa-core processor and has a triple rear camera setup. The phone will be offered in a single RAM and storage configuration but in two color variants. It also includes a large 5,000 mAh battery. Moto G8 Power Lite Price in India, Sale Date... Read The Tweet... 3...2...1..The #UltimatePower has been launched!🚀 Gear up to experience power like never before with ultimate battery, performance, camera, and much more, with the all-new Moto g8 power lite at just ₹8,999! Sale starts 29th May at 12 PM on @Flipkart : https://t.co/Kc3P3geEqW pic.twitter.com/nAtUy48hFD — Motorola ...
2 comments
Read more

Micromax In Note 1, Micromax In 1b With MediaTek SoCs Launched in India: Price, Specifications

Micromax In Note 1 price in India starts at Rs. 10,999 , while Micromax In 1b carries a starting price of Rs. 6,999 . (Image Source - Google Images) Micromax "In" series has finally been launched in India after much anticipation and a variety of teasers.  The new series comprises the Micromax In Note 1 and Micromax In 1b that both accompany MediaTek chipsets and run on Android 10 with a “complete stock experience”, with none bloatware and ads. Micromax has also promised to supply two years of software updates on the new smartphones. The Gurugram-based company was once a pacesetter within the Indian mobile market. However, it bowed call at the growing dominance of Chinese brands including Oppo, Vivo, and Xiaomi within the country. Micromax co-founder Rahul Sharma during the virtual launch showcased the company's facility in Bhiwadi and detailed the assembly process of the new smartphones, which are being touted to be a part of the 'Make in India' initiative. (Im...
Post a Comment
Read more