Policybazaar for Business Partners with IIT Delhi Alumni for Health Insurance

Policybazaar for Business (PBFB), the corporate arm of one of India’s largest insurance marketplaces, has partnered with the IIT Delhi Alumni Association to launch exclusive health insurance plans, designed specifically for IIT Delhi alumni, through its insurer partners. These plans offer customized coverage, seamless digital enrollment and a number of wellness benefits tailored to the unique needs of IIT graduates and their families. 

With this initiative, IIT Delhi alumni — including entrepreneurs, professionals, and those residing abroad — can now secure comprehensive insurance coverage for themselves, their spouses, children, parents, and even their in-laws. With IIT alumni excelling across industries, whether as startup founders, corporate leaders, or researchers, many often lack employer-provided health and life insurance. 

One of the standout features is the high sum insured, with coverage extending up to Rs 1 crore for health insurance to match the pace of medical inflation. Unlike standard employer-provided group policies, these alumni-centric plans are designed as independent group policies, allowing members to pay their own premiums while enjoying the advantages of group rates.

Key highlights of the Program:

Comprehensive coverage: Health insurance plans cover alumni, spouses, children, parents, and in-laws, with flexible options for base and top-up plans. 

Higher sum insured: The plans offer a coverage of up to ₹1 crore, offering enhanced financial protection. 

Seamless digital experience: A fully online purchase journey, from enrollment to claim processing, ensuring a hassle-free experience. 

Wellness benefits: Complimentary access to mental health support, dietitian and nutrition consultations, and specialist teleconsultations across 20+ medical fields. 

Shorter waiting periods for PEDs: The plans have a reduced one-year waiting period for pre-existing diseases, which normally extends up to 2-3 years. 

Speaking on the initiative, Sajja Praveen Chowdary, Director, Policybazaar For Business, said, “We are excited to introduce this exclusive insurance plan for IIT Delhi alumni. Especially, when it comes to those who are running startups or working independently, we realise that this critical gap must be bridged. The idea is to offer tailored coverage to them and their families. With enhanced coverage, end-to-end digital convenience, and value-added benefits, we are committed to provide a truly comprehensive insurance solution.”

This partnership is part of Policybazaar’s larger initiative to collaborate with the country’s leading educational institutions. Under this program, the company, through its insurer partners, is also in the process of launching other insurance covers, like Term Life Insurance, OPD cover, personal accident cover, and travel insurance. 

Gaurav Mohan, Secretary, IIT Delhi Alumni Association, said, “We are delighted to introduce this exclusive health insurance plan designed specifically for IIT Delhi alumni and their families. This initiative reflects our commitment to supporting alumni in every stage of their professional and personal journey. Further, this partnership marks the beginning of a broader effort to bring meaningful benefits to the IIT Delhi alumni network. As we move forward, we aim to explore more initiatives that add value to our alumni’s lives, whether through enhanced insurance products, professional development programs or networking opportunities.”

As it continues expanding its corporate insurance solutions, Policybazaar For Business remains committed to offering innovative, accessible and high-value insurance products tailored to evolving business needs for seamless risk management.