Bajaj Finserv Health Aims for FY27 Break-Even with ₹1,000 Crore Boost

According to CEO Devang Mody, Bajaj Finserv Health aims to achieve financial break-even by FY27. Over the next 3 years, the company will receive a ₹1,000 crore investment from its parent company, Bajaj Finserv, to boost technology and network development. This investment supports the launch of new services like wellness-at-work and maternity programs.

Expanding Services and Partnerships

The company plans to introduce 2–3 customer-centric services annually. With a robust network of over 1,00,000 hospitals and 80,000 doctors, Bajaj Finserv Health acquired Vidal Healthcare Services for ₹325 crore in January 2024. Vidal’s operations will remain independent under its third-party administrator (TPA) license, while Bajaj Finserv Health enhances its platform with new features for wellness, outpatient (OPD), and inpatient (IPD) services.

Corporate Wellness Focus

Bajaj Finserv Health is prioritising its corporate segment, aiming for this group to account for 80–85% of its premium under management by FY27, compared to the current 65%. The company collaborates with 25 insurance providers and plans to partner with all major life and general insurers by FY27 to expand its OPD offerings.

Upcoming Products

The company is set to launch “Wellness at Work” and other corporate wellness products soon. These initiatives align with the growing demand from businesses seeking to enhance employee wellness programs. Bajaj Finserv Health aims to transform corporate claim desks into comprehensive wellness, OPD, and IPD solutions for better employee benefits.

Bajaj Finserv share price is trading at ₹1,603.10, up by ₹6.45 or 0.40% as of December 3, 10:14 AM. The stock opened at ₹1,597.10 and reached a high of ₹1,609.70, with the day’s low at ₹1,595.05. Over the past year, the stock has ranged between ₹1,419.05 and ₹2,029.90, reflecting a notable performance despite recent fluctuations.

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