TheNFAPost Podcast

● Navi launches subscription-based health insurance option

● Customers can buy health insurance by paying monthly EMIs instead of annual premium upfront

● Policies can be bought for EMIs as low as INR 240 per month

● Buying health insurance via Navi Health app takes 2 minutes and is 100% paperless and digital

● Health insurance cover ranging from INR 2 Lakh to INR 1 Crore for individuals and families

● Navi has an industry leading 97.3% Claim Settlement Ratio

After the launch of 100% paperless, digital health insurance via the Navi Health mobile app in December 2020, Navi General Insurance has introduced an option for customers to buy health insurance via a monthly subscription (EMI) instead of paying the annual premium upfront.

Navi’s option to pay monthly EMIs for health insurance will make it more affordable and simpler to purchase, and ultimately make health insurance more accessible to a much larger set of customers. Navi health insurance policies can be purchased at EMIs starting as low as Rs 240 per month.

With no agents and a completely digital and paperless process, customers can buy health insurance via the Navi Health app within 2 minutes, with the policy issued to them instantly on the app. Navi offers health insurance cover ranging from Rs 2 Lakh to Rs 1 Crore for individuals and families.

Navi offers a very simple claim process, with cashless claims being approved within 20 minutes. The company has an industry-leading Claim Settlement Ratio of 97.3% and a network of 10,000+ cashless hospitals across 400+ locations in India. Customers can download the Navi Health app from Google Play Store at

Navi Health offers comprehensive health insurance that covers more than 20 health benefits including in-patient hospitalization, pre and post-hospitalisation expenses, COVID 19 hospitalization, domiciliary hospitalization, 393 day-care procedures, road ambulance cover, vector-borne disease cover and optional critical illness, maternity and newborn baby cover.

According to Navi General Insurance MD & CEO Ramchandra Pandit health insurance coverage in India is extremely low, as many people believe buying health insurance is not just complex and cumbersome, but also unaffordable.

“With ever-rising medical and healthcare costs, Navi’s subscription-based option for buying health insurance will help to make this important insurance cover more affordable and more accessible to many more customers,” said Ramchandra Pandit.

Navi’s mission is to leverage the intersection of finance and technology to offer customers financial services that are simple, affordable and accessible. Founded by Sachin Bansal and Ankit Agarwal, Navi is headquartered in Bangalore.

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