Recently, Bajaj Finserv started the healthcare sector by introducing a health tech solutions business. It aims to modify the health sector in India by setting up a Health-Tech venture.
At present, Bajaj Finserv Ltd is India’s leading agglomerate financial services, which recently declared the launch of its fully owned subsidiary Bajaj Finserv Health Ltd., (BFHL), which is a health-tech solutions business. It focuses on improving the health results of Indian consumers through smarter, modern, connected, and unified care plans. Bajaj Finserv Health introduces to the market another feature – ‘Aarogya Care’, an industry-first product that will provide Preventive, Personalized, prepaid health care packages to consumers. ‘Aarogya Care’ – uses a mobile-first approach, unites the different supporting components of the health ecosystem, providing easy access to quality and affordable healthcare, anytime, anywhere.
An overview of health tech solutions business
With the latest innovations in digital health technology, the Bajaj Finserv Health App is like a customized health manager, presenting consumers a one-stop destination to avail easy, connected, and affordable health solutions in a given period. And people can maintain their health records digitally, which would be integrated with the National Health ID. National health Id records all health-related information/data of the customers by using all the personal details like mobile number or Adhaar card number, and it is a part of the National Digital Health Mission. Bajaj Finserv Health Ltd. Provides health insurance coverage from Bajaj Allianz General Insurance plus pre-approved Health Emi facility from Bajaj Finserv Health.
The Bajaj Finserv Health new launch that is Aarogya Care is one of the best healthcare delivery ecosystems, which has modern technology and financial services that give standard healthcare to consumers, by taking away their health financing stress. It would be a destination for consumers to avail of easy, affordable, and connected health solutions in a small time. This launch would also generate a lot of data that might help while framing health policies and research related to health and treatment. It is an easy process, and the consumers will not have to deal with different processes and access points.
It also offers health insurance coverage from Bajaj Allianz General Insurance and a pre-approved Health EMI facility from Bajaj Finance Ltd, to ensure consumers the minimum medical cost. The Bajaj Finserv Health has already enlisted 112 hospital partners, operating 200 hospitals in India, 3 diagnostic and laboratory centers having 671 consumer touchpoints, and over 9,000 doctors registered on the platform. It is a complete health solution from Bajaj Allianz General Insurance.
About Bajaj Finserv limited
Bajaj Finserv Health Ltd., (BFHL) is a public limited company incorporated under the Companies Act, 2013, engaged in the business of marketing, promoting, and selling Healthcare and Wellness plans/ products/ schemes in connection with health to the needy Customers, through online and /or integrated healthcare ecosystem. Bajaj Finserv health Ltd, is a 100% subsidiary, health-tech solutions business, a zero listed debt company with good operational subsidiaries in Bajaj Finance and Bajaj Allianz Life and General Insurance. With the passing years, Bajaj Finserv has known for its extraordinary success serves the unfulfilled financial needs of consumers through its different financial service businesses – be it making India’s one of the biggest and fastest-growing non-banking consumer lending business or steadily growing two of the largest and most respected private general and life insurance companies. It is a group business, over 120 MM consumer franchise, largest Health EMI financing, and industry best claim pay-out experiences, It is made to provide the best services according to the needs of consumers with solutions.
Therefore in the healthcare ecosystem, we can find different products across the group subsidiaries like Bajaj Finance, Bajaj Allianz Life, and Bajaj General. Bajaj Finserv Health while introducing Aarogya Care focuses on pre-paid health care packages for consumers starting from Rs. 499 to Rs. 20,000 premium plans. This COVID-19 pandemic has represented a different perspective to transform our health care technology and as the Bajaj Finserv enters the space, it will set a great example and motivate many more private-sector people to come together and do a partnership with the health sector to make people realize the importance of building a healthy, developed and a very progressive India.