Current Affairs - Business - Discussion

MobiKwik, a mobile payments service provider, partnered with health insurer Max Bupa to launch "shampoo-sachet" concept in the insurance sector. It will offer mini medical insurance products with premiums as low as Rs 20. The partnership enables financial inclusion by making pocket size health insurance solutions available through the Mobikwik platform. Max Bupa and MobiKwik launched a HospiCash plan which has an annual premium of Rs 135. It provides daily cash allowance of Rs 500 for up to 30 days during the hospital stay. There is an inbuilt accident insurance cover of Rs 1 lakh. The higher variants with annual premium of Rs 225 and Rs 400 will provide cash allowance of Rs 1,000 and Rs 2,000 per day respectively.