BOXOP Ties up with Mahindra Insurance Brokers Ltd to Provide Low Cost Insurance Protection

BOXOP, a Kerala start-up has tied up with Mahindra Insurance Brokers Ltd (MIBL) to provide low cost insurance protection for the current Covid pandemic. BOXOP is providing this comprehensive service across the state of Kerala through Akshaya Kendaras and support from MIBL. 

BOXOP has introduced a Group Covid plan in which individual will get a lump sum benefit plan of Rs.25000, who have tested positive for Covid in which 24 hr of hospitalization is mandatory. Along with this individuals can avail other products like Cashless treatment plans for all illnesses including Covid, at select hospitals (as well as reimbursement plans at other hospitals) and an income replacement plan for inpatient hospitalisation for an amount of Rs 1000/- per day (for max 30days in a year) across all Akshaya Kendras in Kerala. 

The plans can be availed only min after 30 days of enrolment and all customers of BOXOP-Akshaya can get themselves enrolled into these plans at all Akshaya centres. 

Manoj Sasidharan, Founder & Director, Boxop Solutions (I) Pvt Ltd. said, “Promoted by a set of individuals with cumulative experience of over 55 years in Financial Industry, Boxop is a Fintech focused Startup registered with Kerala Startup Mission(KSUM), that strive towards bringing customised Financial/Non-financial services to the common public who are not serviced by banks or other financial entities. Our tie-up with Mahindra Insurance Brokers Limited (MIBL) will go a long way in bringing affordable Financial products closer to all those neighbourhoods and bridge the gaps.”

Vedanarayanan Seshadri, MD – Designate, MIBL mentioned “At Mahindra, the unique concept of Sewa runs across our group. We are pleased to support BOXOP in their unique initiative which will provide relief to Covid affected persons. We do hope that this support helps the affected families to find support and get back to normalcy at the earliest”.


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