Paytm Unveils Healthcare and Income Protection Plan for Merchants

Paytm launches an affordable health and income protection plan for merchants, starting at Rs. 35 per month, on its 'Paytm for Business' app.

by Damodharan N

Updated Jul 03, 2024

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Paytm Unveils Healthcare and Income Protection Plan for Merchants

One 97 Communications Limited (OCL), which owns the Paytm brand, has launched the 'Paytm Health Saathi' plan, an affordable health and income protection service for its merchant partners.

Available on the 'Paytm for Business' app, this plan starts at just Rs. 35 per month and includes unlimited doctor teleconsultations, in-person doctor visits within its partner network, and income protection cover against business interruptions due to accidents, natural calamities, or strikes.

The service is powered by MediBuddy, offering additional benefits such as discounts at leading pharmacies and on diagnostic tests. This initiative is part of Paytm's ongoing commitment to support its merchant ecosystem by providing comprehensive and affordable healthcare benefits, ensuring their wellbeing and business continuity.

The streamlined claim process within the app allows merchants to focus on their business without worry. A Paytm spokesperson highlighted that this launch reaffirms Paytm's dedication to empowering its merchant partners with tailored, supportive solutions.

Read the full release Here

Health Saathi Plan

The 'Paytm Health Saathi' plan is a new health and income protection service for Paytm's merchant partners, available on the 'Paytm for Business' app. Launched after a successful pilot in May with over 3000 merchants, it offers affordable coverage starting at just Rs. 35 per month.

The plan includes unlimited doctor teleconsultations, in-person doctor visits, and income protection for business interruptions due to accidents or natural disasters. Powered by MediBuddy, it also provides discounts at pharmacies and on diagnostic tests. This initiative supports merchants by ensuring their health and business continuity.

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Paytm 

Paytm is India's leading mobile payments and financial services company, known for pioneering the mobile QR payments revolution. It helps small businesses with payments and commerce by offering a variety of payment services for consumers and merchants, including mobile recharges, utility bills, and money transfers.

Paytm also provides financial services like loans, insurance, and wealth management by leveraging its large user base and insights from its payment platform. The company generates revenue from payment processing margins, subscription fees, and transaction fees from its commerce and cloud services, while continually expanding its digital ecosystem to support a wide range of financial products and services.

Paytm Unveils Healthcare and Income Protection Plan for Merchants - FAQs

1. What is the Paytm Health Saathi plan?   

An affordable health and income protection plan for Paytm merchants.

2. Where can merchants access the Paytm Health Saathi plan?  

 Paytm Health Saathi plan cn be accessed on the 'Paytm for Business' app.

3. How much does the Paytm Health Saathi plan cost?   

Paytm Health Saathi plan cost Starts at Rs. 35 per month.

4. What services are included in the Health Saathi plan?   

Unlimited doctor teleconsultations, in-person visits, and income protection.

5. Who powers the teleconsultation service in the Health Saathi plan?   

 The teleconsultation service in the Health Saathi plan is MediBuddy.

6. What additional benefits does the Health Saathi plan offer?   

Discounts at leading pharmacies and on diagnostic tests.

7. What is the aim of the Paytm Health Saathi plan?   

To ensure merchants' health and business continuity.

8. How was the Health Saathi plan launched?   

After a successful pilot in May with over 3000 merchants.

9. What is Paytm known for in India?   

Pioneering mobile QR payments and financial services.

10. How does Paytm generate revenue?   

Paytm generate revenue through payment processing margins, subscription fees, and transaction fees.

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