NEW DELHI : QubeHealth, an embedded-finance and healthtech company on Tuesday announced to partner with Bengaluru-based employee wellness startup Nova Benefits for launching a full-coverage, employee health benefits product that combines 0% pre-approved healthcare financing, health insurance, and a healthcare marketplace for Indian corporates and their employees.
The combination of 0% financing with health insurance takes aim at the massive out-of-pocket-expenditure (OoPE) spends on healthcare by Indians every year. ‘OoPE’ accounts for over 60% of India’s entire healthcare expenditure, with seven out of 10 Indians not being covered under any health insurance or those with insurance, being under-covered.