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WhatsApp to Start Offering Health Insurance, Micro-Pension Products in India Soon By the end of the year, WhatsApp is planning to start offering affordable health insurance coverage from SBI General. By Jagmeet Singh | Updated: 17 December 2020 16:45 IST WhatsApp is leveraging its strong presence in India to go beyond instant messaging Highlights The Facebook-owned platform already has a payments feature WhatsApp may take on PhonePe and Google Pay with its new move WhatsApp is planning to start rolling out health insurance and micro-pension offerings in India. India Head Abhijit Bose revealed WhatsApp s roadmap towards bringing “critical financial and livelihood services” to mobile users in the country 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 for offering ....
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Source: WhatsApp WhatsApp India will soon launch sachet-sized health insurance and micro-pension products with the backing of SBI General Insurance Company and HDFC Pension Management Company, respectively, said Abhijit Bose, Head of WhatsApp India during Facebook’s Fuel for India 2020 virtual conference. “During COVID-19 the ability for people to get immediate and targeted health and life insurance can protect families’ financial security from emergency expenses. We hope that these projects will make it much easier for micro-pensions and health insurance to be scaled hopefully to every Indian regardless of location and income,” he said. The messaging platform will soon allow consumers purchase affordable sachet-sized health insurance policies micro-pension products, through WhatsApp and its financial services partners, Bose said. Beyond the secure messaging service, WhatsApp strategy in India is based on other four pillars namely, digitising small businesse ....