In the last 2-3 years have been witnessing a tremendous influx in the credit card (new gen) market with One Card, Uni, Slice to name a few.
The credit card market is pretty synonymous to insurance market in India with single digit penetration levels and predominantly governed by metros and Tier-1 cities.
Asking experts on how these new gen card players are planning to survive without any kind of innovation
Pazcare is diff tbh. Its a b2b group insurance provider to companies (mainly startups). So the insurance that your org offers you? It was traditionally powered by insurance companies but they only used to give insurance for hospitalization. Startups like plum, onsurity, kenki health have started bundling doctor consultantion benefits like discounts, discounts on medicines, lab tests along with the hospitalization cover. So they are kind of new age group insurers.
They are rolling this card out as kind of card to use by employee anytime medical expense and pazcare will handle the payment. Thats my thesis.
Competition is good. Let these players come
Sodexo. Literally
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