Digital payments firm MobiKwik has partnered with Aditya Birla Health Insurance Company (ABHICL), to offer sachet health insurance plans at an affordable cost.

As part of their collaboration, the partners have initially rolled out a Cancer Protect Cover that can be availed by paying an annual premium of INR125 ($1.74). It will offer coverage up to INR150,000 ($2,094.12).

To obtain the increased coverage of INR450,000 ($6,282.16) and INR750,000 ($10,470.27), the insured will have to pay annual premiums of INR375 ($5.24) and INR625 ($8.73), respectively.

Under this insurance plan, coverages for oral cavity, lung, breast, cervical, and colorectal cancers are offered. According to an estimate, these types of cancers account for 47.2% of all cancers in India.

Aditya Birla Health Insurance CEO Mayank Bathwal said: “Through this partnership with MobiKwik, we intend to make health insurance affordable for millions of Indian families.

“We believe a convenient customer journey supported by accessible digital purchase, and a simple claims procedure can enhance customer experience, and that MobiKwik is the right partner in helping deliver a seamless customer experience alongside customised products.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

MobiKwik co-Founder Upasana Taku said: “Against the backdrop of the rising number of cancer cases, we have introduced affordable insurance plans for users as they navigate in their fight against the illness.

“The Cancer Protect plan bolsters MobiKwik’s commitment to support India’s healthcare needs, and enables financial inclusion for millions of Indian families, threatened by any kind of cancer.”

Going forward, Aditya Birla Health Insurance plans to provide other types of health insurance plans including accidental hospitalisation and heart secure on the MobiKwik platform.

In September this year, MobiKwik filed an application with the Insurance Regulatory Development Authority (IRDA) for a corporate agency (composite) licence.