AIA Group and Practo, Indian digital healthcare platform.have joined hands to promote consumer wellness in the country
Founded in 2008,Practo connects the entire health ecosystem – patients, doctors, pharmacy, diagnostics, clinics, hospitals and other partners – together. By integrating different parts of the healthcare journey and putting them together end-to-end on Practo’s platform, patients can have one seamless experience, irrespective of their specific needs.
Tata AIA Life Insurance, a joint venture between AIA Group and Tata Sons,working to collaborate with Practo through this strategic partnership to offer solutions to their respective customer bases.Synergies resulting from this partnership may provide access to digital healthcare to Tata AIA Life’s customers. Similarly, Practo’s customers will exclusively access solutions offered by Tata AIA Life subject to regulatory approvals.
Bill Lisle, AIA Group Regional Chief Executive and Group Chief Distribution Officer, said, “This partnership is the outcome of AIA’s commitment to providing compelling, integrated and personalised propositions to our customers in India. Practo has an outstanding track record as India’s leading digital healthcare platform and we look forward to collaborating to benefit customers of both entities..Our partnership with Practo reflects our commitment to the Indian market and our confidence in its long-term prospects given the combination of strong economic growth, rising incomes and low insurance penetration.”
Shashank ND, Co-founder & CEO, Practo, said, “By coming together, AIA, Tata AIA Life and Practo will go a long way in leveraging our collective strengths and developing innovative products, allowing us to drive far more impact for our customers.”
Welcoming the strategic tie-up, Rishi Srivastava, MD & CEO of Tata AIA Life Insurance, said,“ In the past couple of years’,we have gone beyond the transactional model to partner with consumers for holistic protection solutions that they need. Through this partnership, beyond synergies at both sides, the consumers of Practo can access best-in-class solutions for safeguarding themselves and building a healthier life.”