National News

USGI joins hands with NPCI to offer health cover to RuPay cardholders & UPI users

Universal Sompo General Insurance (USGI) has partnered with the National Payments Corporation of India (NPCI) to offer health cover to RuPay cardholders and UPI users

PSU Watch Bureau

New Delhi: If you are a RuPay cardholder or using UPI to make payments, then here is a bit of good news for you. Universal Sompo General Insurance (USGI) has partnered with the National Payments Corporation of India (NPCI) to offer special health insurance cover to RuPay card-holders and UPI users at affordable premium rates, the former said in an official statement on Monday. According to the statement, this health cover provides special coverage for cancer and heart-related ailments along with features like cashless hospitalisation in over 5,000 hospitals across India and tax benefits as per income tax laws. This cover is designed for and available to all RuPay cardholders and UPI users. They can enroll and buy this specially designed coverage in a hassle-free digital environment.

Commenting on the development, NPCI's Managing Director & Chief Executive (MD &CEO) Dilip Asbe said, "We are delighted that this collaboration and value proposition will augment health insurance penetration among over 600 million RuPay cardholders and UPI Users. The recent pandemic has brought much-needed awareness among people for health insurance. I am sure with the help of especially designed coverage offered by Universal Sompo to RuPay cardholders, they would get maximum advantage by securing themselves against Cancer and Heart ailments at affordable premiums."

USGI's MD & CEO Sharad Mathur said, "We are upholding national agenda and attempting to increase insurance inclusion by offering customised health insurance solutions to RuPay Cardholders and UPI Users in alliance with NPCI. The buying process is entirely digitised for cardholders to enjoy seamless transactions. The collaboration between Universal Sompo & NPCI is ideal to provide value offering to every Indian."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

IIFCL in talks with ADB, Korean Exim Bank to raise $600 million

Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

Govt invites job applications for PNGRB's Member post

Power Minister visits NHPC’s Nimoo Bazgo Power Station in Ladakh

Delegates from 18 countries attend RBI's policy conference of Global South central banks