Paul Merchants Partners with Care Health Insurance – InsuranceNewsNet

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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.

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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.

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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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