The Deep End by ODF
Raising $40M to Build Health Insurance for India with Amrit Singh
Aug 16, 2023
Amrit Singh, co-founder of Loop Health, discusses the challenges of building a health insurance system in India and the cultural differences in healthcare. They also explore the significance of trust and brand perception in the Indian market, the benefits of focusing on key geographies, and the changing landscape of investing in India.
30:11
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Quick takeaways
- Loop Health aims to improve connectedness and accessibility to healthcare in India by providing health insurance plans and high-quality primary care services.
- Loop Health leverages existing health insurance plans in India to offer convenient access to healthcare and preventive care, aiming to prevent costly hospital visits and prioritize early intervention for better healthcare outcomes.
Deep dives
Connecting Healthcare in India
The healthcare system in India is disjointed, with limited access to electronic medical records and a high volume of patients. Loop Health, a health insurance startup in India, aims to improve connectedness and accessibility to healthcare. They work with companies to provide health insurance plans for employees, alongside high-quality primary care services. Loop Health identifies individuals who require assistance, such as those with chronic conditions or recurring illnesses, and provides dedicated healthcare support and preventive care. The goal is to remove financial barriers, as insurance plans in India mainly cover critical illnesses, and make healthcare more accessible.
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