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Paytm launches ‘Paytm Health Saathi’ to insure merchant partners

By Gloria Mathias

July 04, 2024

  • India FinTech news
  • Insurance Technology
  • InsurTech solutions

Paytm, Paytm Business, Paytm Merchants, UPI, Merchant Insurance, InsurTech Solutions, Insurance Technology, Top fintech news India, PayTm Health Saathi, MediBuddy, India Fintech news, Paytm, India’s payments and financial services distribution company and QR and mobile payments, has announced the launch of ‘Paytm Health Saathi’, an exclusive health and income protection plan for its merchant partners, available on the ‘Paytm for Business’ app.

This initiative is part of Paytm’s ongoing effort to support its vast network of merchant partners by providing them with affordable, comprehensive healthcareX benefits. The launch of ‘Paytm Health Saathi’ aims to safeguard the well-being of its merchants, ensuring their health and business continuity. With this service, Paytm continues to empower its merchant partners, bolstering their resilience while democratising access to affordable coverage.

Starting at just Rs. 35 per month on a monthly subscription, Paytm Health Saathi offers a range of services that include unlimited doctor teleconsultation and in-person doctor visits (OPD) within its partner network. It also includes income protection cover in the event of business interruptions due to accidents or natural calamities such as floods, fires, or strikes. The doctor teleconsultation service is powered by MediBuddy, providing additional benefits, including discounts at leading pharmacies and on diagnostic tests. The claim process is streamlined and can be completed with just a few clicks within the app, ensuring that its merchant partners can focus on their businesses without any worry.

Paytm spokesperson said, “The launch of Paytm Health Saathi underscores our steadfast commitment to ensuring the welfare of our merchant partners. This initiative is part of our mission to equip them with comprehensive and affordable coverage that supports their continued operations. By offering tailored solutions aligned to their needs, we aim to strengthen the robust support system we provide to our community of business owners.”

The ‘Paytm Health Saathi’ pilot started in May and has already seen over 3000 merchant partners avail of the plan. Following its initial response, the company rolled out this feature to all its merchants earlier this month.

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