August 4, 2021

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The service will start this month: WhatsApp will sell insurance and pension products

WhatsApp: US Internet giant Facebook’s associate arm WhatsApp has decided to sell insurance and pension products on its platform after payment service. WhatsApp has tied up with both the major banks of the country for both these services. Insurance and pension products sold on the WhatsApp platform have been designed keeping in mind the low income people. On Wednesday, WhatsApp India head Abhijeet Bose told the Fuel for India -2020 event that the company is going to launch insurance service from its digital platform by the end of this month.

Know what is micro pension service of whatsapp

WhatsApp is also preparing for micro pension service. WhatsApp is also doing a pilot project on micro pension service. WhatsApp has tied up with SBI General Insurance, HDFC and many other leading companies to implement insurance and micro pension services. SBI General has designed its insurance product according to WhatsApp. The sale of the health insurance product will start first on the WhatsApp platform. Their price will be very low and customers will be able to pay according to their convenience.

Low cover insurance products will be offered to customers. WhatsApp is also signing agreements with several financial institutions for micro pension. More than 80 percent of the country’s population does not have pension facilities, their old age passes into poverty. Let us know, WhatsApp is going to start a payment service in India. Preparations for this are going on in full swing. Contact with the government is also being made so that the entire work is done according to the rules.

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