CHANDIGARH, India, February 1, 2023 /PRNewswire/ — Paul Merchants, a fast growing NBFC based in Chandigarhpartner with him Care Health Insurance to provide their customers with various health insurance products. PML Gold Plus scheme which provides group health cover to customers along with gold loan was successfully launched last month.
“At Paul Merchants, we serve clients from urban to rural areas India by providing them with affordable Gold Loans to meet their basic financial needs. We are happy to work with you Care Health Insurance, to provide our customers with comprehensive health care and health solutions. Our Insurance products will help, reduce the financial burden of unexpected hospitalization or medical emergencies. Care Health Insurance It has done very well for the customers and achieved great results in the first month of our partnership,” said Mr Rajneesh BansalManaging Director of Paul Merchants.
Customers availing Gold Loan from Paul Merchants will be offered ‘PML Gold plus Plan’ where they will get group health insurance coverage. Customers who reach the age of 65 can opt for the sum assured Rs.1 lakh with personal accident cover, Hospital Fee, and fixed benefit covers that will take care of the EMI.
“We are very excited to partner with Paul Merchants and look forward to providing our customized and comprehensive healthcare solutions to their large and diverse client base,” said Mr. Ajay ShahDirector and Head of Sales, Care Health Insurance.
The partnership enhances the value of insurance products in addition to the Gold Loan product for Paul Merchants’ various business segments.
Being an IRDAI licensed company Paul Merchants will offer a wide range of insurance products to customers. They will deal with all types of insurance such as long term insurance, travel insurance, and car insurance. With their 150+ branches under the ‘CoverPay’ brand, in partnership with insurance companies, they aim to GIVE hassle free to their customers.
Presenting his opinion on the ceremony, Mr Shaibu CherainThe CEO of Paul Merchants said, “We are always looking for new, creative ideas to provide our customers with customized solutions. Soon, we will have several integrated solutions to be delivered through our digital delivery channels. To introduce and offer a variety of insurance solutions, we have happily partnered with Care Health Insurance. This partnership will increase our influence in the insurance industry.
The official launch of the partnership was held on Chandigarh. Present of event was:
- Mr Rajneesh BansalManaging Director Paul Merchants.
- Mr Ashutosh ShrotriyaHead of Product and Business Processes, Care Health Insurance.
- Mr Shaibu CherianCEO Paul Merchants Finance.
- Mr Ritesh VaidDirector Paul Merchants.
- Mr Malay Bose, Manager of Strategic Alliance Care Health Insurance.
- Mr Digvijay SinghHead of business, Paul Merchants Finance.
- Mr Rahul SangwanAVP- Insurance Sales.
About Paul Merchants
A 30-year-old BSE-listed company Paul Merchants Ltd launched Paul Merchants Finance in 2010 and owns 100% shares.
In a short period of time, Paul Merchants Finance has strengthened its position Northern India. Under the NBFC license granted to Reserve Bank of Indiathe company offers quick and easy gold loans and is sparking a revolution India by enabling individuals and small businesses to pursue their dreams with their wide range of financial services. In recent years, their business has grown exponentially.
One stop for all financial services is now available due to the company’s diversification of its products and services. Money transfers, prepaid cards, and insurance sales are just a few of the many important things.
About Care Health Insurance
Care Health Insurance is a specialized health insurance company that offers products in the retail market for health insurance, premiums, personal risk, maternity, international travel insurance, and critical illness. Additionally, they offer group health insurance, group personal accident insurance for businesses, microinsurance products for rural markets, and a full range of health services. The company has been investing in the effective use of technology to achieve efficiencies in customer service, product innovation, and value for money services. The company bases its operating philosophy on the basic premise of “consumer-centricity.”
In the Insurance News Awards, 2021, Care Health Insurance won awards for “Best Health Insurance Product” and “Best Health Insurance Companies.” Also at the FICCI Healthcare Excellence Awards, they were awarded the “Best Medical/Health Insurance Product”.
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