Policybazaar and Aditya Birla launch industry-first OPD benefits

Policybazaar and Aditya Birla launch industry-first OPD benefits 

It was a rainy Monday morning. At Policybazaar’s Corporate Office in Gurgaon, a hall full of insurance advisors awaited an exciting announcement. This was the launch of incredibly affordable OPD covers by Aditya Birla exclusively with Policybazaar. 

Traditionally, health insurance covers the policyholder against any financial burden in case of hospitalization. This did not factor in the expense of going to the hospital for outpatient treatment. This would entail anything from common cold to a same-day-discharge surgery. This product fills this gap and helps make hospital treatment more accessible as well as affordable.

As Sarbvir Singh, CEO, POlicybazaar.com, put it, “We feel proud to have partnered with Aditya Birla to create a product like this. Together, we have brought about the most innovative insurance products into the industry. Particularly after what we have all seen in the past two years, an OPD cover in health insurance is very important. It makes health insurance complete.”

Mayank Bathwal, CEO, Aditya Birla Health Insurance, added, “I want to start by congratulating the entire team of Policybazaar for being the best and largest insurance player in the industry. As a partner, Policybazaar gives us the courage and ability to create new products. It was because of Policybazaar that we got the courage to launch the 1 crore health insurance product in India. Today, again, it is because of team PB that we feel convinced about the OPD add-on cover reaching the right people in our country. I would like to congratulate you in advance on the success of the product”

In addition to making health insurance more comprehensive, the product also helps in enhancing the overall health and wellness of policyholders. Dr Pravin Gupta, Neurologist, Fortis Group, explained.  “This product is of vital importance because 75% expense is OPD based. These are the hospital visits that people avoid making because they would have to pay for these themselves. This is a tendency that delays proper trealtment and worsens the underlying disease. If people are given an affordable solution to this in the form of OPD covers, the overall health and wellness of our country will be enhanced by it.”

Amit Chhabra, Head - Health Insurance at Policybazaar.com, also attended this event and lauded this step as an integral one for Indian customers. The event ended with a lot of positivity and hope for everyone involved. It marked one of the biggest steps in the evolution of health insurance in India.