Soon, you will be able to purchase insurance through WhatsApp, it will start by the end of the year

WhatsApp, which provides an instant messaging service, is now preparing to expand its service in India. WhatsApp is going to roll out services like insurance and pension. The company said on Wednesday that it would offer to buy affordable sketch-size health insurance by the end of this year to provide wider access to financial services to its users in India.

Sketch size insurance plans offer special needs-based insurance, with both premium and insurance cover being lower. By the end of this year, SBI General’s affordable health insurance can be purchased through WhatsApp.

WhatsApp India head Abhijeet Bose said that WhatsApp is constantly working on a number of schemes to help ensure that every person gets the most basic financial services and livelihood related services through their mobile device. We hope that by the end of this year, people will be able to buy affordable sketch-size health insurance through WhatsApp.

In the first phase of the launch, the company has partnered with SBI General for health insurance cover. Also, HDFC is ready to launch the National Pension Scheme (NPS) product on its app to offer pension.