Insurance Platform Policybazaar to Foray into Healthcare & Tech Services

India's largest insurance website and comparison portal, Policybazaar has planned to foray into the Healthcare Technology and Services space to provide consumers with easy, online and free access to doctors and medical consultants.

To begin with, the new platform intends to partner with 100 hospitals and 20,000 doctors, diagnostic centres, and clinics by the end of March 2019. The healthcare vertical also plans to offer a huge array of healthcare services, which includes in-hospital concierge services for its health insurance customers.

Speaking about the new business entity, Yashish Dahiya, Co-founder & CEO, Policybazaar.com, said, “Our foray into the healthcare services space is in sync with the vision of expanding the social security net of India. With this venture, we seek to fulfill the need of providing quality and affordable healthcare of the burgeoning population at large by connecting the consumers with our in-house medical practitioners. The new portal will facilitate the creation of an inclusive healthcare system, which will eventually offer customized options for in-patient department insurance based on detailed analysis undertaken after studying consumer healthcare habits and patient's interactions with the doctors.”

The platform also wants to offer its customers a better and personalized claim and in-hospital experience as a part of its long-term policy. Policybazaar is also going to work with insurers to create a new category of health insurance for Out-patient expenses (OPD) and provide free online medical consultation to consumers with empanelled top-notch doctors over phone and chat.

The company aims to offer 5 million OPD consultations by next financial year.