Earn While You Spend: zPlus Care Launches Cashback System for Health Insurance and Medical Expenses
zPlus Care, a digital platform owned by Prajna Insuretech Pvt Ltd, has launched a new offering that allows customers to pay for health insurance and medical expenses with cashbacks earned through monthly shopping and bill payments. The platform has over 30,000 partners and is powered by Bharat Bill Pay System.
Members of zPlus Care’s community, known as #ResponsibleTribes, can earn an additional cashback every time they shop for groceries, fashion, travel, and make credit card payments, insurance premiums, and utility bill payments. With the newly launched offering, members can use their earned cashbacks for healthcare expenses such as insurance premiums, medicines, health tests, and zero-cost medical loans for a healthy and hassle-free living.
According to Kirti Kumar Jain, Founder & CEO of zPlus Care, “Health insurance should be the first thing on any individual or family’s priority list, but the fact is that more than half of the Indian population has no health insurance. Every seventh Indian family is just one serious illness away from financial ruin due to lack of health coverage. With this offering, we are driving larger health inclusion by turning shopping spends into health investments with health insurance. The members will be able to prevent themselves from unforeseen medical emergencies, without paying for it with health cashbacks at zero effective cost.”
zPlus Care offers curated premium plans based on the lifestyle of its members, allowing individuals to select plans with offerings up to Rs.10 lakh worth of health insurance, up to 50% discount on medicines and health tests, up to Rs 30,000 hospital cash allowance, and no-cost medical loans up to Rs. 1 lakh, among others. Eligible members can avail themselves of these benefits in partnership with multiple banks at zero effective costs.
Members can select from multiple plans depending on their health and wealth goals and choose a bank that pays for their plan and repay it in no-cost 12 EMIs to the bank. Additionally, the platform’s Monthly Adherence Plan (MAP) allows members to earn health cashbacks higher than no-cost EMIs, making the plans completely free. zPlus Care has collaborated with market leaders in the healthcare segment, including Care Insurance, TATA 1Mg, Healthians, Cult.fit, Kuber.club, and others, to provide best-in-class healthcare for its members.
