Indian health insurance start-up Plum has entered into another partnership with payments solution Razorpay.
The new collaboration with Razorpay Rize, a launchpad for new entrepreneurs, will enable Plum to offer health benefits to early stage start-ups.
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The move will help new businesses to ensure health benefits for their workforce.
As agreed, all Razorpay Rize members can opt for a complimentary group health insurance cover along with other benefits.
The benefits include INR300,000 of insurance for all members, unlimited doctor consultations and annual dental and vision check-up among others.
Plum co-founder and CEO Abhishek Poddar said: “Plum is on a mission to disrupt the myth that health insurance is only for large corporates. It is very important to inculcate a health insurance first thinking from day-one of starting up and our association with Razorpay Rize is a very crucial step in this regard.
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By GlobalData“It will not only empower Founders to protect employees with superior health insurance covers but also prove to be key in attracting and retaining talent.”
Razorpay co-Founder and CTO Shashank Kumar said: “Be it the initial incorporation to processing their first payroll to providing them & their team members health-insurance, we want to help entrepreneurs make the right choices without any worry and just focus on the growth of their business.
“For entrepreneurs, finding good health coverage can be quite difficult. Therefore, a partnership with Plum is essential, we believe this partnership will make health insurance more affordable and accessible for startups, now more than ever before.”
Previously, Plum partnered with RazorpayX to offer health insurance to start-ups.
