GOOQii tied-up with Kotak Mahindra Life Insurance and Kotak Mahindra General Insurance to offer life and health insurance to its existing and new customers.
Customers who buy GOQii Smart Vital 2.0 wearable are eligible for a health insurance cover of up to Rs 5 lakh depending on the active lifestyle & Monthly Health Score and a life insurance cover of Rs 1 lakh.
The insurance plan will be valid for 12 months from the date of activation of the GOQii app, post expiry of the plan it will be incumbent upon customer to renew it.
Vishal Gondal, Founder & CEO, GOQii said, “We have been a pioneer in bringing evolutionary technologies in the field of preventive healthcare. With our outcome-based health insurance we are looking at a different approach of fundamental healthcare. We have gathered data around the same for over seven years with a present paid active user base of over 5 million. We are thrilled to offer insurance to our users over the app in association with Kotak Mahindra.”
Mahesh Balasubramanian, MD & CEO, Kotak Mahindra Life Insurance Co. Ltd. said, “We at Kotak have always emphasised on customers wellbeing and our tie up with GOQii is a part of our initiative to prioritise health and encourage healthy lifestyle. Through the personal wellness plan the customer can view their Insurance details in the GOQii App and also track their wellness tiers basis the health activities done by them.”
Suresh Agarwal, MD & CEO, Kotak Mahindra General Insurance Co. Ltd. said, “The tie-up aims to incentivise customers to maintain good health and health practices and at the same time get themselves covered with health insurance. It is also one of the many Kotak Group’s endeavours in co-branding with smart beneficial ideas enabled by tech advantage.”