Subscribe
24NEWSHOUR 24NEWSHOUR
Write For Us
  • Home
  • Business
  • Education
  • Entertainment
  • News Update
  • Others
    • Technology
    • Health & Lifestyle
  • Write For US
  1. Home
  2. Business
  3. Plum Partners with Visa to Offer Affordable Health Insurance to MSMEs
Business

Plum Partners with Visa to Offer Affordable Health Insurance to MSMEs

Bangalore, 27th June 2022: Plum, an employee health insurance platform has partnered with Visa, the global leader in digital payments,to provide a comprehensive and affordable health insurance plan to its MSME cardholders. Small businesses are the lifeblood of the economy and on International MSME Day, both organisations have come together to reinstate their support towards the health and wellbeing of the 460 million people employed by this sector.

Under this association, small business owners who are also Visa’s business card holders can receive new-age health insurance covers, doctor consultations and a host of other wellness benefits with monthly plans starting as low as INR 129 (per life, per month). The partnership also enables organisations with just two employees to get access to best-in-class insurance covers.

Plum will offer two types of plans to Visa’s small business card holders:

  1. ‘Income advantage plan for SMEs’ which offers a lump sum benefit on hospitalisation, ICU hospitalisation payout, per day cash allowance
  2. ‘Plum Lite plan for small teams’ offering health insurance up to Rs 5 lakhs, discounted medicines, health check-ups, unlimited doctor consultations, weekly wellness sessions, dental and vision check-ups etc.

Visa business card holders will be able to avail a 40% discount on the income advantage plan and a 40% discount on the first month of Plum Lite membership.

Abhishek Poddar, Co-Founder and CEO ofPlum, said “We started Plum with a mission of covering 10 million lives by 2024. Our endeavour is to ensure the segments that earlier lacked access to quality health insurance are able to afford and utilise quality healthcare through us. Through our partnership with Visa, we will enhance adoption of health insurance by small business owners, thereby promoting a wellbeing-first culture. It is a proud fact for us at Plum that about 80% of our customer base are first time buyers of insurance.”

Manish Daswani, Head – Commercial Solutions, India and South Asia, Visa, said “Small businesses often seek insurance solutions that fit with their unique needs of being affordable yet superior propositions. We are pleased to partner with Plum to make such innovative health benefits accessible to our MSME cardholders through 2 distinct plans. Continuing on our commitment to the recovery of small businesses, we are confident these propositions will help bolster the wellbeing needs of our business cardholders.”

SMEs in India account for nearly 30% of the country’s GDP and employ about 460 million people. Despite that, insurance penetration among MSMEs is extremely low. Reiterating its commitments towards enhancing the country’s health insurance coverage and bringing more MSMEs and gig workers under the insurance radar, Plum has earlier launched Plum Lite targeting early stage startups, SMEs and gig workers/ freelance consultants.

Previous post
Next post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • THE DERMA CO. BECOMES THE SECOND BRAND FROM HONASA CONSUMER TO ACHIEVE RS. 30 CRORE MONTHLY REVENUE, OUTPACING MAMAEARTH
  • Axis Bank launches ‘NEO for Business’, a mobile-first Business Banking proposition for MSMEs
  • Rajasthan investors prefer equity category funds: Tata Asset Management
  • UPDATER SERVICES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON SEPTEMBER 25, 2023
  • Choice Consultancy Services Pvt Ltd (CCSPL) to Spearhead Rajasthan’s Economic Growth and Investment Promotion Initiatives
Latest News
Business

THE DERMA CO. BECOMES THE SECOND BRAND FROM HONASA CONSUMER

September 22, 2023
Business

Axis Bank launches ‘NEO for Business’, a mobile-first Business Banking

September 22, 2023
Business

Rajasthan investors prefer equity category funds: Tata Asset Management

September 22, 2023
Business

UPDATER SERVICES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON SEPTEMBER

September 22, 2023
24NEWSHOUR 24NEWSHOUR

Get The Post

Business
Education
News Update

Quick Links

About Us
The News Strike
The News Equity

Follow Us

© Copyright 2023. All rights reserved.
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}