Fi Money partners with insurtech Riskcovry to enable benefits for its Salary Program customers

Mumbai, June 13 Riskcovry, a leading insurtech platform, is pleased to announce its partnership with Fi Money, a prominent financial services provider.

Together, they aim to revolutionise the banking and insurance landscape by offering enhanced benefits to customers of Fi Money's salary program. Through this collaboration, Riskcovry will enable Fi Money to provide a complimentary super top-up health insurance to its customers, double of the coverage provided by their employers and strengthening the appeal of Fi Money's salary program.

In the face of rising medical inflation, the health insurance coverage provided by organisations to their employees is seldom sufficient.

Recognising this gap, Riskcovry and Fi Money have introduced an integrated solution to offer complimentary super top-up health insurance to customers of Fi Money’s salary program. Eligible users can activate their complimentary cover from the Fi Money app, ensuring a convenient and seamless user journey.

"At Fi Money, we believe that managing one's finances goes beyond just wealth. It should also include health, given the significant costs - both monetary and otherwise - that we incur. For Indian working professionals, having world-class healthcare access is becoming increasingly critical. Unfortunately, this access comes at a price for Indian consumers. Our partnership with Riskcovry helps remove all barriers to healthcare access through one of the best insurance top-ups available. This will provide great value to users of the Fi Money salary program," says Sujith Narayanan, CEO of Fi Money.

Super Top-Up insurance is designed to provide high coverage limits that supplement customers' existing insurance policies. By offering this complimentary product, Fi Money aims to enhance its customers' financial well-being, ensuring they have access to comprehensive coverage in the face of unexpected medical expenses or unforeseen events.

This strategic partnership strengthens Fi Money's position as a leading financial services provider committed to meeting the evolving needs of its customers.

“Insurance distribution is at an inflexion point. The way millennials and GenZ understand & consume insurance products is very different from traditional channels that have existed for the past many decades.

New distribution models are evolving, and Riskcovry is at the forefront of enabling organisations to drive innovation around insurance products and GTM. We’re excited to partner with Fi Money to create bespoke solutions of relevant insurance products distributed via a customer-friendly experience, starting with the super top-up health insurance for their salary program customers.” stated Sorabh Bhandari, co-founder of Riskcovry.

The super top-up health insurance has been designed as a monthly cover that automatically renews as long as the customer has their salary credited into their Fi Money salary program.

The partnership between Riskcovry and Fi Money brings together the expertise of two innovative companies dedicated to delivering exceptional value and empowering customers. With Riskcovry's cutting-edge insurance distribution platform, Fi Money will now be able to offer a variety of innovative insurance solutions to its customers.