With the second wave of the Covid-19 pandemic raging across India, health insurance and other protection covers are witnessing traction.
In this interview, Manik Nangia, COO, Financial Services, Bharti Enterprises, talks about how the company’s health insurance business performed during the various phases of the pandemic.
“The company witnessed a 35-40% increase in general health insurance last year,” Nangia said.
The company also saw an increase in demand for combination products which would cover death, disease and hospitalisation together.
Bharti AXA Life Insurance, a subsidiary of Bharti Enterprises, launched operations in 2006. Currently, Bharti Group owns 51% stake in the joint venture while Paris-headquartered AXA Group holds 49%.
In 2020, the insurance company launched several products, including hospitalisation of migrant workers suffering from Covid-19, which it says “did extremely well.”
TechCircle also spoke to Pankaj Gupta, chief technology officer of Bharti AXA about the company’s latest technology initiatives.