Chandigarh, IndiaAnd February 1, 2023 /PRNewswire/ — Paul Merchants, a fast-growing NBFC headquartered in Chandigarhentered into a partnership with Health care insurance To provide its customers with various health insurance products. The PML Gold Plus program which provides group health coverage to customers along with the gold loan was successfully launched a month ago.
At Paul Merchants, we serve clients from semi-urban to rural areas India By providing them with affordable gold loans to meet their basic financial needs. We are pleased to cooperate with you Health care insuranceTo provide our customers with comprehensive healthcare and wellness solutions. Our insurance products will help ease the financial burden caused by unexpected hospitalizations or medical emergencies. Health care insurance He did exceptionally well with clients and gained good traction in the first month of our partnership,” said Mr Rajneesh BansalManaging Director of Paul Merchants.
Customers who receive a Paul Merchants Gold Loan will be offered the “PML Gold plus Program” under which they will receive group health insurance coverage. Customers up to the age of 65 can choose the amount insured 1 rupees lakh with personal accident cover, hospital cash and fixed benefits cover which will take care of EMI.
“We are very pleased to partner with Paul Merchants and look forward to providing customized and comprehensive healthcare solutions to their huge and diverse client base,” said El-Sayed. Ajay ShahDirector and Head of Retail Division, Health care insurance.
The partnership is developing a number of insurance products in addition to the Gold Loan product for various business segments of Paul Merchants.
Being an IRDAI authorized company, Paul Merchants will offer various other insurance products to clients. They will handle all types of insurance such as term insurance, travel insurance, and car insurance. With over 150 subsidiaries under the CoverPay brand, and in association with insurance companies, they intend to insure their clients hassle-free.
expressing his views on this occasion mr Shibu ShirinPaul Merchants CEO Paul Merchants said: “We are constantly looking for new and innovative ideas to provide our customers with customized solutions. And soon, we will have some integrated solutions that will be delivered through our digital delivery channels. In order to offer and provide a variety of insurance solutions, we have collaborated with gladly Health care insurance. This collaboration will certainly increase our influence in the insurance industry.
The official launch of the partnership took place on Chandigarh. Present in The occasion was:
- the master Rajneesh BansalManaging Director Paul Merchants.
- the master Ashutosh ShrutriyaPresident of Product and Business Operations, Health care insurance.
- the master Shibu CherianCEO, Paul Merchants Finance.
- the master Ritesh FayedDirector Paul Merchants.
- the master Malay BossAnd Director of the Strategic Alliance for Health Insurance.
- the master Digvijay SinghChief Business Officer, Paul Merchants Finance.
- the master Rahul SanjuanAVP- Insurance Sales.
About Paul Merchants
The 30-year-old Bahrain Stock Exchange-listed Paul Merchants Ltd launched Paul Merchants Finance in 2010 and owns a 100 per cent stake in it.
In a relatively short period of time, Paul Merchants Finance has consolidated its position in North India. Under the NBFC license granted by Reserve Bank of IndiaThe company offers fast, simple and revolutionizing gold loans India By enabling individuals and small businesses to realize their dreams through a wide range of financial services. In recent years, their business has expanded greatly.
A one stop destination for all financial services is now possible thanks to the company’s diversification of its products and services. Money transfers, prepaid cards, and selling insurance are just a few of the many important commodities.
About Health care insurance
Health care insurance It is a specialist health insurance company that provides products in the retail market for health, supplementary coverage, personal accident, maternity, international travel and critical illness insurance. In addition, they offer group health insurance, group corporate personal accident insurance, and microinsurance products in rural markets, along with a full suite of health services. The company has continuously invested in the effective use of technology to achieve excellence in customer service, product innovation, and value-for-money services. The company bases its operating philosophy on the core premise of “consumer centricity”.
At the Insurance Alert Awards, 2021, Health care insurance Won awards for being “Best Health Insurance Producer” and “Best Health Insurance Agents”. Also at the FICCI Awards for Excellence in Healthcare, they were awarded ‘Best Medical/Health Insurance Product’.
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