Latest news with #ApolloHealthCo
Mint
15-05-2025
- Business
- Mint
SBI Card joins hands with Apollo to launch wellness focused credit card
SBI Card and Apollo HealthCo, which operates Apollo Pharmacy, have extended their strategic partnership to introduce a health and wellness focused co-branded credit card - Apollo SBI Card SELECT card. This one-of-its-kind premium credit card has been thoughtfully designed to address the evolving needs of today's health-conscious consumers, offering a compelling blend of healthcare savings and financial rewards. Customers can easily apply for this card digitally on the Apollo 24|7 app and opt to apply via SBI Card SPRINT, by visiting the SBI Card website SBI Customers can also apply for the card at select Apollo Pharmacy stores. The Apollo SBI Card SELECT cardholders are entitled to enjoy a rewarding shopping experience on transactions, including pharmacy products, health check-up packages, blood tests, and more through the Apollo 24|7 app and Apollo Pharmacy stores. Cardholders get 10 per cent back as reward points, and additionally up to 15 per cent back as health credits, giving them a total value back of up to 25%. Reward points can be converted into Health Credits, which are redeemable across the entire product range of Apollo 24|7 App and Apollo pharmacy stores. Apollo SBI Card SELECT card customers receive ₹ 1,500 e-gift voucher as welcome benefits, redeemable on the Apollo 24|7 app and at Apollo pharmacy stores. They are also entitled to Apollo Circle benefits that provide priority access to services and special discounts on doctor consultations, diagnostic tests and pharmacy orders on Apollo platforms. Additionally, Apollo SBI Card SELECT card customers also get a complimentary 1-year FITPASS PRO Membership, offering access to a wide network of gyms, fitness classes, and wellness programs, across India. Salila Pande, MD & CEO, SBI Card said, 'At SBI Card, we understand the evolving spending needs and aspirations of today's conscious consumers who are focused on good health and well-being. Our collaboration with Apollo HealthCo to introduce Apollo SBI Card SELECT card is firmly aligned with this need. By offering thoughtful healthcare benefits and valuable rewards, we aim to empower our customers to stay committed to their health and wellness goals, while enjoying varied financial benefits.' Shobana Kamineni, executive chairperson, Apollo HealthCo said, 'With the Apollo SBI Credit Card, we're introducing a revolutionary financial product designed to seamlessly connect health and wellness with everyday living. By turning everyday spending into health investments, we're making access to care seamless, intuitive, and affordable. It's our way of saying that healthcare should be earned, saved, and accessed just as easily as any other essential. This is the future of health—and we are proud to build it with SBI Card. Together, we will be the health keeper of the nation.' Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Time of India
14-05-2025
- Business
- Time of India
7 forays into Insurance, plans to launch products from 12 insurers in two months
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Apollo 24|7, an omni-channel digital health platform , announced its foray into insurance with 'Apollo 24|7 Insurance Services' on Wednesday. Apollo 24|7 Insurance services |7 Insurance services, a fully owned subsidiary of Apollo HealthCo, has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, Apollo HealthCo CEO Madhivanan Balakrishnan said in a company has already completed a successful pilot and plans to launch insurance products from 12 insurers within the next two months, he plans will be bundled with exclusive Apollo benefits, with a strong focus on distributing OPD coverage in future, Balakrishnan said adding the company targets Rs 80 crore in revenue in the first year of operations."With our entry into insurance distribution , Apollo 24|7 Insurance services will help customers choose plans that truly match their health needs. Backed by AI and rich health insights, this marks a big step in making healthcare more personalised, affordable, and integrated for every Indian," Balakrishnan 24|7 also announced the upcoming launch of health-first credit card designed to simplify payments and reduce healthcare costs for its in collaboration with one of India's leading credit card issuers, the card will offer exclusive benefits from medicines and diagnostics to doctor consultations and wellness services, the release said. Targeting Apollo HealthCo's 150 million strong user base, the card is expected to launch within the next fortnight, it 24|7's 19-minute medicine delivery service will soon be expanded across Hyderabad and gradually rolled out across other parts of Telangana, the release added.
The Hindu
14-05-2025
- Business
- The Hindu
Apollo HealthCo to market life, health insurance as corporate agent
Apollo Hospitals group firm Apollo HealthCo is gearing up to market health and term life insurance products of at least eight insurers with whom it has tied up after securing Insurance Regulatory and Development Authority of India (IRDAI) approval to operate as a corporate agent. A pilot project was successfully completed and the plan is to launch insurance products from as many as 12 insurers within the next two months. For now, it has tied up with four standalone health and four life insurers. All the insurance plans will be bundled with exclusive Apollo benefits with a focus on distributing OPD coverage in future. The company is eyeing marketing of 1 lakh policies and ₹80-100 crore in revenue in the current financial year from the insurance operations, for which it has set up a subsidiary firm, Apollo HealthCo CEO Madhivanan Balakrishnan said on Wednesday (May 14, 2025). Sensing a growth opportunity by offering additional services to customers of the Apollo 24|7 digital healthcare platform that it operates alongside the retail network of over 6,500 stores Apollo Pharmacy, the company has decided to launch a co-branded credit card to simplify payments and reduce healthcare costs for its customers. Conceived in collaboration with one of India's leading credit card issuers, the card will offer exclusive benefits from medicines and diagnostics to doctor consultations and wellness services. The card is expected to be launched within the next fortnight, Mr. Balakrishnan told media here. Health Challenge He said Apollo HealthCo is also rolling out 'Ultimate Health Programme', a first-of-its-kind preventive health initiative on the Apollo 24|7 platform. Under the programme, customers who undergo a preventive health check and receive a 100% positive report will be refunded the full value of their health package. 'Prevention is the first step to true healthcare. The health challenge is our way of encouraging every individual to prioritise early detection and wellness,' he said.
