Policybazaar’s Parent PB Fintech Forays into Hospitals as PB Health, Expands Integrated Insurance-Healthcare Model
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The Group CEO said the integrated model is intended to remove administrative hurdles commonly associated with health insurance claims.
Policybazaar's parent company, PB Fintech, has formally entered the hospital sector with the launch of two PB Health hospitals in Noida and Gurugram, taking its integrated insurance-healthcare strategy from concept to execution.
The move builds on the company's broader vision of creating a connected ecosystem where hospitals, insurers, doctors and patients operate through a technology-enabled platform aimed at making healthcare delivery more seamless.
The expansion follows PB Health's USD 218 Mn funding round announced last year, led by General Catalyst with participation from Faering Capital, Bay Capital, Think Investments, Avataar Venture Partners, Select Group and angel investors.
At the time, the company outlined plans to establish a 1,200-bed hospital network across Delhi-NCR over two years, beginning with a 270-bed hospital in Noida and additional facilities in Gurugram.
Speaking about the expansion, PB Fintech Joint Group CEO Sarbvir Singh said the initial focus remains on Delhi-NCR, where the company plans to establish five to six hospitals.
He said the integrated model is intended to remove administrative hurdles commonly associated with health insurance claims.
"Once someone is admitted to a PB Health hospital, they need not worry about insurance or financing. The system will take care of all the approvals. Our doctors do not have any incentive to admit a patient. The system will be very transparent," Singh said.
Singh added that the company is working with insurance partners to standardise treatment approvals before admission, allowing patients to complete discharge formalities within about 30 minutes.
He added that Policybazaar's role extends beyond policy sales to customer servicing and claims support, and that broader participation from digital platforms, agents and banks would ultimately help expand insurance coverage across the country.
PB Health also acquired digital health startup Fitterfly to strengthen its preventive care capabilities in diabetes, obesity and heart health.
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