Fincare Small FinanceBank and Max Bupa partnerto offer comprehensive health insurance solutions
~Max Bupa to help customers of the bank gain access to quality healthcare
Fincare Small Finance Bank, a new-age, digital bank has entered into a bancassurance agreement with Max Bupa Health Insurance, a leading standalone health insurance provider. Under the agreement, Max Bupa will offer digitally enabledbe spoke health insurance solutions to customers of the bank.
As part of the tie-up, Max Bupa will provide health insurance plans, best suited to meet the evolving health care needs of the bank’s diverse customer segments. The offerings include both, Standard Retail as well as Customizable Group plans. The comprehensive product suite includes Health Companion, a comprehensive indemnity plan for all hospitalization needs and Health Assurance fixed benefit plan which provides coverage for critical illnesses and personal accident. For the digital banking customers, Max Bupa will offer byte sized products with one-click buying option and allow purchase at the time of opening an account. The rural customer segment will have access to simple, low cost, high value insurance products with simplified on boardingfor a seamless experience.
The partnership between Fincare Small Finance Bank and Max Bupa Health Insurance comes at a time when people recognize the significance of health insurance to cover medical emergencies. Max Bupa’s Covid-19 survey, conducted to understand the behavioural patterns of consumers, states that around 60% of the people surveyed (both Owners & Intenders of Health Insurance) made enquiries to check whether their existing policies covered Covid-19 related treatment cost. 30% of owners started making enquiries as soon as Covid-19 cases emerged globally, while 44% of Intenders made enquiries when the infection started getting detected in India.