- Group insurance at sum assured of INR 25,000
- OCARE takes dental insurance to the mass market
Mumbai, October 27, 2016:In a first ever, OCARE, India’s first, and only, independent Insurance Process as a Service (IPAAS) platform, today launched the first ever Dental Insurance Product in the country. A Group Insurance product, it offers a sum assured of INR 25,000/-. Additionally, in its nationwide effort to offer dental insurance mass-market, OCARE has also started a unique endeavor to offer its products through the country’s Gram Panchayats, by providing Group Dental Insurance to villages. Vihigaon, a village panchayat located in the Buldhana district of Maharashtra state, India, becomes the first village to be covered by OCARE Dental Insurance.
The product was unveiled by Hon’ble Member of Parliament of the Rajya Sabha, Shri Vinay Sahasrabuddhe. The luminaries who presided over the launch event were Dr. ChandreshShuklaand Dr. Ashmita Singh from Dental Council of India.
Speaking on the launch, Dr. Neeraj Sheth, Founder & CEO said, “Statistics say that nearly 200 million Indians chew tobacco making India the world’s mouth cancer capital. With rising dental healthcare costs and the urgent need for preventive oral healthcare, we believe that the demand for affordable, easily accessible and hassle-free dental insurance products will rise exponentially. OCARE aims to achieve this through its unique IPAAS platform.”
“This is the first time Dental insurance is being offered as an exclusive product in India. Usually it is clubbed with health insurance and available under the general health insurance plans, where dental ailments are not covered exclusively, and only the hospitalization and medicinal costs arising due to a dental emergency are covered,” he added further.
Diwali, being an auspicious occasion for the entire country, makes it the perfect moment to launch OCARE dental insurance, an innovative product that is all set to transform the Indian oral healthcare ecosystem by making dental treatments accessible, affordable and achievable for every Indian citizen.
Highlights of OCARE Dental Insurance:
- First Time a Dental Insurance Plan Launched in India
- Covers pre-existing conditions
- No waiting period
- Product highlights include:
o Oral hygiene kit
o OCARE Dental Insurance witha minimum sum assured of INR 25,000/- per annum, per person
o Loyalty card withpoints redeemable for dental services
o Bi – annual dental checkups
About OCARE(www.ocare.com)
OCARE is India’s first, and only, independent Insurance Process as a Service (IPAAS) platform. The platform covers a complete range of dental health services that include dental insurance, dentistry network and oral health education in India. Starting with 108 cities & with a plan to spread pan-India, OCARE is also the first, and only, IPAAS that provides India’s first Group Dental Insurance.
With its headquarters in Mumbai, OCARE was founded by Dr. NeerajSheth in 2015 and employs 150 associates with a pan-India network of over 9000 dentists. OCARE aims to promote its proprietary, scalable, innovative and state-of-the-art technology that will enable dentists to make the real-time oral healthcare management of patients convenient, flexible & affordable.
OCARE Dental Insurance in India was conceptualised by a team of young dentists who vowed to solve the problem, where on one hand, patients find dental treatments exorbitant and unaffordable, and on the other, too many dental colleges and the ever increasing number of graduating dentists make the competition cut-throat. The OCARE team thought of developing a tech platform that first unifies dentist and patient segments, and then simplifies the whole jargon of dental insurance. OCARE Dental Insurance process uses an intraoral camera on the proprietary, innovative tech platform for case documentation and approval for the claims process where the patients get INR 25,000 annual coverage.