ANI PR Wire
07 Nov 2023, 20:19 GMT+10
NewsVoir
Mumbai (Maharashtra) [India], November 7: CarePal Group, a prominent name in India offering integrated healthcare financing solutions, is proud to announce the appointment of Pankaj Nawani as the Chief Executive Officer of 'CarePal Secure', the company's integrated health protection marketplace.
With a robust and extensive 16-year background in the finance and insurance sector, Pankaj Nawani brings a wealth of experience to his new role. Pankaj joined CarePal Secure as the Chief Business Officer last year, having previously held key positions at prestigious organizations such as Standard Chartered Research & Technology, Max Life Insurance Company Ltd., Bajaj Finserv, and Polaris Software Labs.
"India faces a pressing healthcare financing challenge, with an annual gap of $72 billion attributed to high out-of-pocket expenses. The out-of-pocket expenditure (OOPE) in India stands at a staggering 62%, which is three times the global average. Under the guidance of Pankaj Nawani, CarePal Secure is poised to emerge as a comprehensive integrated health protection marketplace, delivering tailor-made solutions to address the escalating healthcare expenses in India. In his new role, Pankaj will spearhead the overall business and strategic direction of CarePal Secure," said Piyush Jain, Co-founder and CEO, CarePal Group.
Khushboo Jain, Co-founder and COO of CarePal Group, said, "Pankaj brings a wealth of experience and a proven track record in the healthcare and insurance industry. His visionary leadership will be instrumental in driving CarePal Secure's mission to revolutionize healthcare insurance and protection. Together, we are committed to providing innovative solutions that empower individuals and families to take charge of their well-being."
"India's out-of-pocket healthcare expenses are among the highest globally, causing financial distress to many. We believe that healthcare financing and protection represent a significant business and social responsibility in India today. We intend to build an ecosystem combining insurance, fintech, and health tech along with Carepal's extensive hospital partnerships to make a full spectrum solution available in the country," said Pankaj Nawani.
In its inaugural year, CarePal Secure successfully served over 10,000 customers, a milestone that quickly surged to an impressive 30,000 within the following six months. Demonstrating their commitment to enhancing their offerings, CarePal Secure aspires to serve approximately 50,000 customers within the current financial year.
Pankaj Nawani is a seasoned insurance professional with over 16 years of work experience. He is on a mission to revolutionize insurance solutions tailored specifically for the Indian market, with the support and collaboration of like-minded entrepreneurs, founders, and investors.
CarePal Secure aims to bring together insurance, healthcare providers, and new-age health tech players to create customized offerings for its customers as well as its partner networks. The strategic direction of CarePal Secure is to emerge as an integrated health protection marketplace providing customized solutions to mitigate rising healthcare expenses. CarePal Secure reached its milestone of servicing 10,000+ customers in its inaugural year.
For more information, please visit www.carepalsecure.com.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationWASHINGTON D.C.: To help reduce car collisions with wildlife and help animals safely cross roadways, the U.S. Transportation Department has ...
BRUSSELS, Belgium: To address power shortages at electric vehicle (EV) charging stations, last week, the European Commission announced plans to ...
BEIJING, China: Falling hog prices, mounting losses and rising debt are putting pressure on the biggest pig breeders in China, ...
NEW YORK, New York - A decline in labor costs as measured by ADP failed to boost U.S. Markets Wednesday."ADP's ...
WASHINGTON D.C.: A U.S. auto safety regulator said this week it is opening an investigation into 73,000 Chevrolet Volt plug-in ...
NEW YORK: This week, a New York judge approved legal settlements to end lawsuits that halted the state's legal cannabis ...
In September, Tamir Pardo, who headed the Mossad, Israel's national intelligence agency, under Prime Minister Benjamin Netanyahu from 2011 to ...
HONOLULU, Hawaii: U.S. Navy officials say that it would cost some $1.5 million to salvage a P-8A jet plane that ...
NEW YORK, New York - In a rare move, United Nations Secretary-General Antonio Guterres has taken a dramatic constitutional step ...
BUKITTINGGI, Indonesia: On December 2, Mount Marapi in West Sumatra province, Indonesia, erupted, sending hot ash clouds several miles (kilometers) ...
PHILADELPHIA, Pennsylvania: In a measure supporters claimed will increase public safety amid high violent crime rates, Philadelphia City Council passed ...
CHICAGO, Illinois: As winter sets in and with cold weather just around the corner, Chicago is struggling to house hundreds ...