Policybazaar CEO Sets Sights on Healthcare Expansion for FY26

New Delhi: Policybazaar's CEO Sarbvir Singhhas revealed plans to enter the healthcare space, aiming to reduce healthcare costs for the masses. In an interview with Moneycontrol, Singh emphasized that the company will build an alternative model focusing not only on first-time health costs but also considering overall health.

As part of its growth initiatives, Policybazaar aims to strengthen its foothold in lending through Paisabazaar, a subsidiary focused on unsecured loans. However, the company plans to pivot towards an optimal mix of secured and unsecured loans, allowing for better quality customer assessments. Singh also highlighted plans to digitize operations and expand business in Dubai.

The company's account aggregator platform is expected to contribute significantly to its overall numbers as it adds value through enabling businesses for main platforms. On Paisabazaar's outlook for FY26, Singh stated that the focus will be on digitization and building a more balanced portfolio between unsecured and secured loans.

Regarding insurance business, Policybazaar aims to move from a distribution model to manufacturing at some point in the future, leveraging its unique channel skill built over 16 years. The company plans to intensify focus on healthcare-related products and services in FY26.

"We look forward to exploring new opportunities as the company readies for FY26," Singh said, highlighting ambitions for foreign expansion, including setting up facilities in Dubai.

While the company's growth initiatives are expected to contribute significantly to financial performance, Singh stressed that maintaining profitability will be key. The company aims to build on its momentum, driven by high-quality business and scale.

Overall, Policybazaar's ambitious plans signal a shift towards diverse revenue streams, with a focus on transforming the lending and insurance industries. As the company forges ahead, it is likely to continue to make significant contributions to the Indian financial services sector.