MyGate puts forth an affordable health insurance scheme for support staff of its 3 million households

The pandemic has laid bare the tenuous financial situation of India’s lower income groups, such as those employed as daily help. Simultaneously, there is growing evidence of a willingness among gated community residents to support their staff; for example, the MyGate Trust Circle report revealed that 76.04% of residents are now more likely to provide monetary assistance to their daily help as compared to pre-Covid times. Taking a cue from this behavioural shift, MyGate now enables its 3 million users to purchase a hassle-free Group Health Insurance cover. This comes at a low cost and is relevant to their domestic help, such as maid, nanny, cook or driver. 

 

MyGate’s members can buy a group health cover that allows beneficiaries to claim daily cash benefit (Hospi Cash) for hospital admissions ranging from Rs.500 per day to Rs. 3000 per day for 30 days in a year with no deductibles. The policy premium starts at Rs. 155 and goes up to a maximum of Rs. 900. The policy is available for 12 months for those aged 18 years to 65 years. This cover is underwritten by Care Health Insurance.

  

“It has been heartening to learn of growing empathy toward support staff, as illustrated in the MyGate Trust Circle report. It is clear that gated community residents are looking for meaningful ways to give more to their support staff and we believe that Hospicash is a valuable benefit they can provide their maid, driver or nanny with” said Abhishek Kumar, COO and Co-founder, MyGate.