Aditya Birla Health Insurance Co. Limited (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL), a major non-bank financial services conglomerate, has introduced the 'OPD Add-on' for customers to address their health and wellness needs. This product can be added to existing indemnity plans to provide affordable unlimited medical consultation.

The OPD Add-on cover aims to solve customer problems by providing convenient physical and virtual consultations, resulting in faster treatment. It also provides a variety of specialized consultations, including Gynaecology, Orthopaedics, Paediatrics, Ophthalmologists, Physiotherapists, and Nutritionists, when referred or prescribed by a General Practitioner for any illness or injury.

Mayank Bathwal, CEO of Aditya Birla Health Insurance, stated, "New-Age Insurance is all about being proactive, taking precautions, and being available to our customers. As a result, we developed an OPD Add-on cover that includes both physical and teleconsultation and is easily accessible to policyholders. This coverage will allow them to consult doctors virtually, regardless of their location. We are excited to launch this product with Policybazaar and provide customers with a comprehensive Health & Wellness ecosystem to help them live healthier lives. This collaboration with Policybazaar will allow us to reach out to their large customer base via their platform."

Policybazaar.com CEO Sarbvir Singh stated, "Health insurance with OPD coverage is an urgent need for the country, as OPD accounts for 60% of all healthcare expenses, which are currently paid out of pocket." This product fills a significant unmet need. Customers have always come to us asking for OPD plans, and this should help fill that market gap. This is completely consistent with our vision of providing financial security to every Indian household when they truly need it."

Types of OPD Add-on Cover

• Option (1) Rs. 599 per insured (excluding tax)
• Unlimited Physical Outpatient Consultations by a General Medical Practitioner
• Option (2) Rs. 799 per insured (excluding tax)
• Unlimited Physical & Virtual Outpatient consultations by a General Medical Practitioner
• Option (3) Rs. 999 per insured (excluding tax)
• Unlimited Physical & Virtual Outpatient consultations by a General Medical Practitioner
• 2 Physical specialist consultations (Gynaecology, Orthopaedic, Paediatrics, Ophthalmologist, Physiotherapist, Nutritionist) referred/prescribed by General Practitioner

There is no waiting period in OPD Add-on cover, which is available from Day 1 and covers 32000+ doctor networks in 70+ cities. The policy will govern the selection of OPD Add-ons. As a result, by default, each insured will receive the benefit on an individual basis. The entry age will be determined by the base policy.

Aditya Birla Health Insurance Co. Limited (ABHICL), a subsidiary of Aditya Birla Capital Ltd. (ABCL), is a partnership between the Aditya Birla Group and South African MMI Holdings. Aditya Birla Capital Limited (ABCL) and Momentum Metropolitan Strategic Investments (Pty) Limited (Formerly known as MMI Strategic Investments (Pty) Ltd.) own 51 percent and 49 percent of ABHICL, respectively. ABHICL began operations in October 2016 and is in the health insurance business. The current product portfolio of the company includes unique offerings such as chronic care and incentivized wellness. ABHICL had a gross written premium (GWP) of Rs. 1727 crore as of FY22 and covered over 19 million lives. Through branches and partner offices, 12 bancassurance partners, and over 63,000 direct selling agents, ABHICL has a nationwide distribution presence in over 4790 cities. With 183 branch locations, bancassurance available through 16,000+ branches, and 43+ digital partners covering 5 million+ lives through 52+ contextual byte-sized and contextual products, ABHICL has scaled and diversified digitally enabled distribution.

Policybazaar.com is one of India's largest insurance marketplaces. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar. ae. The Policybazaar.com Group has backing from a host of investors including the likes of PE funds and other family offices. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.