FlashAid is democratizing healthcare coverage by offering affordable health coverage to millions in India. It offers a unique membership plan that covers hospitalization expenses and Primary benefits such as teleconsultation, labs, diagnostics, and home care services. FlashAid is a healthcare technology platform that partners with various healthcare service providers to bring the best care you deserve at an affordable price.
The retail health insurance market is one of the fastest growing segments with a CAGR of 18% and is expected to touch $25B by 2028. Founded by Manoj Gupta and Gunjali Kothari, FlashAid is working on exclusive tie-ups with insurance companies to tailor-make products and partner with e-commerce platforms and brands to distribute insurance to their users. The company offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions.
” With an expected 30% surge in digital platform adoption by 2030, a significant opportunity emerges to align the ecosystem towards providing scalable solutions that promote health equity in India. We’re actively embracing this digital evolution through our API-centric strategy, which resonates with customers’ shifting behaviors in purchasing and accessing healthcare services. This approach aims to make the healthcare ecosystem more accessible and user-friendly, benefiting the wider population”. – Manoj Gupta | Founder & CEO, FlashAid
Its distributive technology has made traditional retail Insurance cheaper by 70% and solves complex onboarding and tedious claim processing. With personal retail Health Insurance penetration of less than 4% in India, FlashAid ‘s unique B2B2C distribution approach makes it highly scalable, keeping the acquisition cost low. Within just 1 year of launch, they have 30,000+ lives already on board and are expected to cross 100K lives in another 6 months.
z21 ventures is excited to announce our investment in FlashAid. Its scalable embedded insurance product with a comprehensive healthcare offering provides a unique value proposition for expanding the healthcare insurance market globally.