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Bajaj Finserv Launched “Bajaj Finserv Health Ltd (BFHL)”, Health Tech Solutions Business

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Bajaj Finserv enters healthtech solutions businessOn September 22, 2020, Non-Banking Financial Company (NBFC) Bajaj Finserv stepped into the healthcare sector by launching health tech solutions business “Bajaj Finserv Health Ltd (BFHL)” as its fully-owned subsidiary. This new venture will offer “Aarogya Care” an industry-first product, providing preventive, personalised, prepaid health care packages.

  • BFHL aims to improve the health outcomes of Indian consumers by integrating the healthcare delivery ecosystem with technology and financial services through holistic care plans.

Key Points:

-Notably, this venture is using mobile-first approach as “Bajaj Finserv Health App” acts as a personalised health manager, offering consumers a one-stop destination to avail convenient, connected and cost-effective health solutions.

-In this regard, customers would be able to receive and maintain health records digitally, which would be integrated with the National Health ID

  • National Health ID is an electronic repository of all health-related information of a person, created by using a person’s basic details and mobile number or Aadhaar number. It is a part of the National Digital Health Mission.

-BFHL also offers health insurance coverage from Bajaj Allianz General Insurance and pre-approved Health EMI facility from Bajaj Finance.

-It has empanelled 112 hospital partners, which operate 200 hospitals, three diagnostic and laboratory centres with 671 consumer touch points and over 9,000 doctors on the platform.

Recent Related News:

i.The 1st edition of two days long (July 22-23, 2020) world’s largest Global Fintech Fest (GFF) was held virtually, which was organized by Payments Council of India (PCI) and Fintech Convergence Council (FCC) at National Payments Corporation of India (NPCI) under the theme “Fintech : With and Beyond COVID”. 

ii.On July 21, The Union Human Resource Development (HRD) Minister Shri Ramesh Pokhriyal ‘Nishank’ launched MANODARPAN initiative of HRD Ministry virtually in New Delhi. The initiative provides psycho- social support to students, teachers and parents and addresses their issues related to mental health and emotional wellbeing.

About Bajaj Finserv:
Chairman and Managing Director (CMD)– Sanjiv Bajaj
Headquarter– Pune, Maharashtra
Chatbot– Blu