Fisdom launches ‘Fisdom HealthProtect’ in association with Care Health Insurance

Fisdom launches ‘Fisdom HealthProtect’ in association with Care Health Insurance

·         The plan is exclusively designed by Care Health insurance for Fisdom customers

·         Offers premium payment on monthly EMIs

·         No medical check-up for enrolment

·         The plan covers COVID 19 hospitalization

·         No periodic increase in premium, offers flat premium structure across 3 age brackets

·         Covers pre-existing ailments in a short wait-period of just 2 years

·         Unlimited online consultations & discounts across a wide network of pharmacies & diagnostic centres

·         Comprehensive annual health check-up for all insured members

Delhi, June 16, 2021: Fisdom, India’s leading wealthtech company has launched Fisdom HealthProtect, a special health insurance plan for its customers, exclusively underwritten by Care Health Insurance – one of the country’s leading health insurers. This unique insurance plan offers multiple benefits to Fisdom customers with the facility of paying premiums on monthly EMIs – thereby making health insurance easily affordable. It also offers flat premium structure for customers in each age group - 18 to 40 years, 41 to 55 years and 56 to 60 years, eliminating concerns of periodic increase in the premiums.

Moreover, customers need not undergo medical check-up prior to enrolling with the plan – which is especially useful in the backdrop of the ongoing pandemic. Additionally, all pre-existing diseases are covered for the policy holders after a short wait-period of just 2 years. The health insurance offers up to 100% pay out of sum insured in case of accidental death or permanent total/partial disability for all members covered in the policy. Fisdom customers will also get the advantage of unlimited doctor-on-call consultation along with discounts at Care Health Insurance’s network of pharmacies and diagnostic centres.

Speaking on the announcement, Mr. Subramanya SV, Co-founder and CEO at Fisdom said, “We are pleased to introduce Fisdom HealthProtect to offer a host of unique benefits to all our customers. Having a health insurance coverage is essential for every individual, keeping in mind the rising medical expenses. We believe this initiative with Care Health Insurance will help us provide access to quality healthcare to our customers while also ensuring their financial well-being. At Fisdom, we are always committed to offer products and services which are well suited for the requirements of our customers. ”

With the launch of Fisdom HealthProtect, the company has further expanded its product portfolio and strengthened the offering of comprehensive health coverage plans to its customers. During the pandemic alone, the number of monthly Fisdom health insurance customers increased by a whopping 250%, which further signifies the increase in awareness around health insurance in the period due to a greater realisation of financial implications caused by a sudden, unforeseeable illness.

Mr. Ajay Shah, Director & Head – Retail Business, Care Health Insurance said, “The current situation has triggered an increase in the purchase of health insurance plans and there is a growing need among people to ensure access to quality healthcare while safeguarding their health and finances. Consumers are now seeking a more convenient and simplified digital approach to access health insurance plans. Through this initiative with Fisdom, we endeavour to provide their consumers convenient health insurance solutions backed by quality servicing.”

Currently, Fisdom offers a variety of insurance plans including health insurance, life insurance, home insurance, personal accident insurance, critical illness insurance, super top up, hospital daily cash, etc. Additionally, also offers range of other products like mutual funds, digital gold, and pension funds. It is backed by marquee investors such as PayU, Quona Capital and Saama Capital.

About Fisdom

Fisdom, co-founded by Anand Dalmia and Subramanya SV is India’s leading digital wealth management platform providing solutions across investments, savings and protection. Fisdom blends technology with financial knowledge to bring simplicity, accessibility and trust in financial products for the vastly underserved population in India.  Several banks and financial institutions have partnered with Fisdom to provide access to financial products like Mutual Funds, Digital Gold and NPS to their customers. Fisdom’s partners include Oriental Bank of Commerce, Bank of Baroda, Indian Bank, Karnataka Bank, City Union Bank, Bajaj Finserv, Google Pay and several more.

About Care Health Insurance

Care Health Insurance is a specialized health insurer offering products in the retail segment for Health Insurance, Top-up Coverage, Personal Accident, Maternity, International Travel Insurance and Critical Illness along with Group Health Insurance and Group Personal Accident Insurance for Corporates, Micro Insurance Products for the Rural Market and a Comprehensive Set of Wellness Services. With its operating philosophy being based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation and value-for-money services.