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Policybazaar to offer low-cost loan insurance online

MUMBAI: Policybazaar has launched an online loan insurance product offering a cheaper, flexible alternative to bank-bundled covers sold offline.Loan insurance focuses on protecting families from loan liabilities in the event of a borrower’s death. Loan insurance in India has traditionally been sold offline and bundled with loans by banks, a model that has limited customer…

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Policybazaar health arm raises $218 million, buys diabetes management platform

MUMBAI: Policybazaar’s healthcare arm has raised $218 million in its seed round and acquired a diabetes care platform to expand into preventive healthcare. PB Health, incubated by PB Fintech, said the round—first announced in May—was led by General Catalyst and included participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and select angel…

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